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Veru Hires Advisor To Explore Alternatives For Female Health Business
Monday, March 8, 2021 - 11:26am | 206Read More...Veru Inc (NASDAQ: VERU) has engaged Morgan Stanley as a financial advisor to pursue strategic alternatives for its legacy Female Healthcare Business. "Furthermore, with the potential for five registration clinical trials in the calendar year 2021, four for oncology...
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McAfee Divests Enterprise Business To Symphony Technology For $4B
Monday, March 8, 2021 - 10:33am | 436Read More...McAfee Corp (NASDAQ: MCFE) inked an agreement to divest its Enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion. What Happened: The Enterprise business is a partner for 86% of the global Fortune 100 firms with...
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SMC Entertainment To Divest FiberSKY Networks Assets
Monday, March 8, 2021 - 9:24am | 173Read More...SMC Entertainment Inc (OTC: SMCE) is divesting its FiberSKY Networks subsidiary. SMC will return all assets concerning the FiberSKY acquisition to FiberSKY's original stakeholders for 20 million SMC's shares under the arrangement. SMC will issue 2 million new restricted...
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Allegro Microsystems To Divest Thailand Manufacturing Facility For $30M
Thursday, March 4, 2021 - 12:31pm | 293Read More...Sensing and power semiconductor technology provider Allegro Microsystems Inc (NASDAQ: ALGM) inked an agreement to divest its Thailand manufacturing facility to an undisclosed purchaser for $30 million. The divestment is estimated to streamline Allegro’s back-end...
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Takeda Divests Four Diabetes Products In Japan To Teijin Pharma
Friday, February 26, 2021 - 7:26am | 208Read More...Takeda Pharmaceutical Co Ltd (NYSE: TAK) will sell its four non-core type-2 diabetes products (Nesina, Liovel, Inisync, and Zafatek) in Japan to Teijin Pharma Limited, ¥133 billion (roughly $1.25 billion). The portfolio generated total sales of approximately ¥...
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Brookdale Offloads Majority Stake In Health Care Services To HCA Healthcare For $400M
Thursday, February 25, 2021 - 8:20am | 231Read More...Brookdale Senior Living Inc (NYSE: BKD) has agreed to sell 80% of the equity in its hospice, home health, and outpatient therapy business to HCA Healthcare Inc (NYSE: HCA) for $400 million. In December, Brookdale had indicated that it would consider a sale or...
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Inseego Sells Ctrack South Africa Operations For $36.2M To Focus On 5G
Thursday, February 25, 2021 - 7:42am | 255Read More...Inseego Corp (NASDAQ: INSG) inked an agreement to divest South African operations of Ctrack for an all-cash transaction of $36.2 million (ZAR 529 million) to an affiliate of Convergence Partners, an investment management firm focused on the technology, media, and telecom sector...
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Harvest Health Closes Divestiture Of Arkansas Assets
Monday, November 16, 2020 - 1:04pm | 326Read More...Cannabis company Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF) has divested its Arkansas-based store and cultivation assets. The price tag of assets owned and operated by Natural State Wellness Dispensary LLC, and Natural State Wellness Enterprises LLC was $25...
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Vitality Biopharma Hires Investment Bank To Explore M&A, Asset Sale Opportunities
Friday, September 25, 2020 - 12:35pm | 398Read More...Drug development company Vitality Biopharma Inc. (OTCQB: VBIO) has tapped financial adviser DelMorgan & Co. to manage a potential sale process. Neil Morganbesser, DelMorgan's President and CEO, said “the right partner — either through M...
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Fitch Says Some German Banks to Ditch Trading
Tuesday, February 12, 2013 - 10:08am | 586Read More...Rating agency Fitch sees some of the large German banks reducing or eliminating trading activities in the face of new regulations rather than split into two institutions. The comments come following news last week that German regulators agreed to draft legislation that requires that banks cannot...
