Asset Sales

Asset Sales Recent News

Chip Designer Synopsys Sells Its Software Integrity Business For ~$2.1B
Synopsys seals a $2.1 billion deal with Clearlake Capital Group, L.P. and Francisco Partners, elevating its focus on core chip design by divesting its Software Integrity Group business to a new standalone entity. Led by existing management, the move aims to revolutionize software development, enhancing innovation while mitigating business risks.
Warren Buffett Trims Berkshire's Apple Stake: Should You?
Warren Buffett's Berkshire Hathaway reduces its stake in Apple by 22% to $135.4B, despite only an 11% decrease in share price. This reflects a sale of 115M shares, strengthening cash reserves.
Shell Pumps The Brakes in Malaysia, Gas Station Network Reportedly Up for Sale For $1B
Shell is reportedly in talks with Saudi Aramco to sell its Malaysia gas station business for $1B. Plans to divest 500 stations this year, focus on profitable ventures.
Why SaaS Company Conduent's Shares Are Surging Today
Conduent makes strategic move with the sale of its Casualty Claims Solutions business to MedRisk for $240 million cash. The transaction underscores Conduent's commitment to streamline its portfolio and focus on core capabilities for growth.
Elon Musk's Tesla Sues Indian Company For Trademark Infringement: Report
Tesla escalates legal action against Indian battery manufacturer for unauthorized use of its trademark, "Tesla Power," seeking compensation and a permanent injunction.
Seplat's $1.28B Asset Deal with Exxon Gets Regulatory Boost: Report
The Exxon-Seplat asset sale in Nigeria could be approved within two weeks, ending a two-year delay since the $1.28 billion deal was signed. This will inject capital into Nigeria's oil industry and boost oil output.
Ecolab Gains After Beating Q1 Sales Expectations And Raising FY24 Outlook; Divests Surgical Segment For $950M
Ecolab surges post-Q1 with sales beat, raised FY24 outlook, and plans to sell surgical segment for $950M cash.
Boeing Isn't Junk Status — Yet: Moody's Outlook On Aircraft Maker Goes Negative
Boeing is still considered "investment-grade," but a lower rating would mean that it's a "speculative" play — "junk" status.
TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field
TotalEnergies SE has signed a deal with Trident Energy for purchase and sale transactions in Congo, increasing its stake in the Moho license and selling its interests in the Nkossa and Nsoko II licenses.
Saudi Arabia Near Deal For Stake In Gold, Copper Mine Project In Pakistan's Troubled Province
Saudi Arabia's Manara Minerals is reportedly in advanced talks to acquire a minority stake in Pakistan's Reko Diq gold and copper mine project. The project, located in the commodity-rich province of Balochistan, is on track to start production by 2028.
Rio Tinto, Saudi Arabia's Manara Emerge As Likely Bidders For First Quantum's Zambian Assets: Report
Rio Tinto, Manara, Mitsui & Co. and Sumitomo Corp. are rumored to be circling First Quantum-owned assets currently for sale.
EQT Inks Non-Operated Asset Deal With Equinor: Details
Equinor ASA and EQT Corporation shares are down after signing a $500 million asset sale agreement for non-operated natural gas assets in Northeast Pennsylvania.
Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal
Encore Wire to be acquired by Prysmian for $290 per share in cash. Transaction expected to close in second half of 2024, generating ~€140 million in EBITDA synergies.

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