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Divestments

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  • UPDATE 3-EBay sells enterprise unit ahead of PayPal split Thursday, 16 Jul 2015 | 10:00 AM ET

    July 16- E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc.. Shares of eBay, which also reported a better-than-expected quarterly profit and boosted its share buyback plan by $1 billion,...

  • July 15- E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc.. Shares of eBay, which also announced an additional $1 billion share buyback program, were up 3 percent at $65.37 in premarket...

  • UK regulator to examine separation of BT network unit Thursday, 16 Jul 2015 | 2:20 AM ET

    LONDON, July 16- The British telecoms regulator said BT could be made to spin off its networks unit, which wholesales capacity to rivals like Sky and TalkTalk, to boost competition in the broadband market for consumers and businesses. Forcing BT to divest Openreach is one option being considering by Ofcom in its biggest review of the British communications...

  • July 15- E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private equity firm Permira for about $900 million, the Wall Street Journal reported. Earlier this month, people familiar with the matter told Reuters that private equity firm Thomas H. Lee Partners LP was in talks to buy eBay's enterprise unit for close to...

  • July 15- E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private-equity firm Permira for about $900 million, the Wall Street Journal reported, citing people familiar with the matter. The deal could be announced by Thursday, along with the company's second-quarter results, the Journal reported.

  • July 9- As United Technologies Corp nears a decision on how it will divest its Sikorsky helicopter division, the U.S. conglomerate faces challenges to its financial outlook that may limit the lift to its stock in the near term. Stock market upheaval in China and stalled sales at some of its businesses also darken the horizon. In an analyst meeting last month, it...

  • The combined company is expected to have annual revenue of more than $10 billion- double Coty's turnover- and will be led by Coty CEO Bart Becht. JAB Cosmetics B.V., which owns 97 percent of Coty's Class B shares, is in favor of the deal, Coty said. Coty said the deal valued the P&G Beauty Business at $12.5 billion at the time of the proposal, based on the number of Coty basic...

  • AstraZeneca divests gastrointestinal drug for $215 mln Thursday, 9 Jul 2015 | 3:07 AM ET

    LONDON, July 9- AstraZeneca struck a further "externalisation" deal on Thursday to help fill its short-term revenue gap by divesting its gastrointestinal drug Entocort for $215 million. The transaction is expected to complete in the second half of 2015 and AstraZeneca said it would reinforce its strategic focus on selected therapy areas, such as cancer,...

  • July 7- Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP, a person familiar with the matter said on Tuesday. Bloomberg News reported earlier that Symantec was nearing a deal to sell Veritas to Carlyle for between $7 billion and $8 billion, citing people with knowledge of the...

  • July 7- Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP, a person familiar with the matter said on Tuesday. Bloomberg News reported earlier that Symantec was nearing a deal to sell Veritas to Carlyle for between $7 billion and $8 billion, citing people with knowledge of the...

  • TORONTO, June 30- Cenovus Energy Inc, Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about C $3.3 billion. As Reuters first reported this month, the decision to sell the unit, Heritage Royalty Ltd, to Teachers' Natural Resources Group was...

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • TORONTO, June 29- General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion, moving it a step further in its plan to shed financial assets. The sale is part of a plan unveiled in April to divest about $200 billion in GE Capital assets as it moves away...

  • June 29- Canada's Element Financial Corp said it will buy General Electric Co's fleet management operations in the United States, Mexico, Australia and New Zealand for C $8.6 billion in cash. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it moves away from finance and focuses on manufacturing industrial...

  • TORONTO/ NEW YORK, June 26- Canada's Element Financial is close to buying a large chunk of General Electric Co's vehicle fleet-management business in a deal that could be sealed as early as the end of June, three sources familiar with the matter said on Friday. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it...

  • June 25- Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600- $700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings. Magnum Hunter had $13.7 million in cash and cash equivalents and total debt of $951 million as of March 31, according to Thomson Reuters data.

  • Magnum Hunter looking to divest stake in pipeline unit Thursday, 25 Jun 2015 | 6:40 AM ET

    June 25- Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600- $700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings. The potential deal would allow Magnum Hunter to restructure its balance sheet and improve its current liquidity position, the company said.

  • WASHINGTON, June 24- Zimmer Holdings Inc said it closed a $14 billion deal to buy rival orthopedic products maker Biomet Inc on Wednesday shortly after winning U.S. antitrust approval on condition that it divest certain assets. Zimmer said in a statement that with the acquisition it was changing its name to Zimmer Biomet Holdings, Inc. The assets to be sold...

  • WASHINGTON, June 24- Zimmer Holdings Inc has won U.S. antitrust approval to buy rival orthopedic products maker Biomet Inc on condition that it divest certain assets, the Federal Trade Commission said on Wednesday. Zimmer had said when it announced the proposed transaction in April 2014 that the $13 billion deal would double the size of its spine and dental...