Mergers and Acquisitions Divestments

More

  • HONG KONG, Dec 16- Private equity firm TPG Capital Management has sold Chinese company HCP Packaging to Baring Asia, returning $1.55 billion in total to investors in 2015, an annual letter to its limited partners reviewed by Reuters showed. But exiting some of these businesses has proven tough given extreme market volatility in Asia this year.

  • LAGOS, Dec 14- Shares in Tiger Brands' Nigerian unit jumped 9.6 percent in early Monday trades on the Lagos bourse after the South African food company said it had agreed a deal to sell its majority stake back to Dangote Industries Limited. Tiger Brands has not made money from Dangote Flour Mills since paying nearly $200 million for a 65 percent stake in the firm,...

  • PARIS, Dec 11- French utility Engie is considering the sale of its thermal power generation plants in the United States, deputy chief executive and chief operating officer Isabelle Kocher said on Friday. Engie unit GDF Suez North America has an ownership interest in 13.1 gigawatts of electric power and co-generation capacity, of which close to 1 GW is powered by...

  • SAO PAULO, Dec 9- Brazilian iron ore miner Vale SA said late on Tuesday in a filing it had completed the sale of four very large ore carriers, also known as Valemax class ships, to a consortium lead by ICBC Financial Leasing. ICBC is a subsidiary of the Industrial and Commercial Bank of China Limited. The deal was valued at $423 million and the resources were...

  • Dec 8- L-3 Communications Holdings Inc said it would sell its government services division, National Security Solutions, to smaller defense contractor CACI International Inc for $550 million in cash. L-3 and CACI finalized the terms of the agreement early Tuesday morning, aided by strong ties between Chris Kubasik, L-3's chief operating officer, and Ken...

  • Dec 8- L-3 Communications Holdings Inc said it would sell its government services division, National Security Solutions, to smaller defense contractor CACI International Inc for $550 million in cash.

  • SAN FRANCISCO/ BENGALURU, Dec 3- An activist investor on Thursday renewed its push for Yahoo Inc to abandon its plans to spin off its valuable stake in Chinese e-commerce giant Alibaba Group Holding Ltd and instead sell its core business "at the highest price possible." Yahoo's board, which includes co-founder David Filo, Wal-Mart Stores Inc former Chief...

  • Dec 3- GE said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany. The potential transaction, subject to approval by regulatory and anti-trust authorities, would represent an ending net investment of $7.5...

  • Dec 2- Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up more than 5 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Broken out as a separate company, Yahoo's email, Yahoo and Tumblr...

  • Abu Dhabi's TAQA files for sale of U.S. wind power asset Wednesday, 25 Nov 2015 | 3:12 AM ET

    ABU DHABI, Nov 25- Abu Dhabi National Energy Co has filed with U.S. energy regulators to sell its stake in the Lakefield wind power plant in the U.S. state of Minnesota, a spokesperson for the company said on Wednesday. TAQA, majority-owned by the government of Abu Dhabi, bought a 50 percent stake in the 205.5 megawatt project from a subsidiary of France's EDF in early...

  • KUALA LUMPUR, Nov 23- Malaysia's 1 MDB has agreed to sell all its energy assets to China General Nuclear Power Corporation and its subsidiaries for 9.83 billion ringgit, a key step in the embattled state fund's drive to cut its debts. 1 Malaysia Development Bhd, its power unit, Edra Global Energy Bhd, and CGN said in a joint statement on Monday that they had completed a...

  • *Yahoo's Alibaba stake worth over $20 bln. *Yahoo and Alibaba shares flat premarket. Yahoo's current net cash holding and the funds raised from a sale of the business could be returned to shareholders through buybacks and dividends, Jeff Smith, Starboard's head, said in a letter to Yahoo on Thursday.

  • SYDNEY, Nov 9- GE said on Monday it had reached an agreement to sell its finance unit GE Capital's commercial lending and leasing portfolios in Australia and New Zealand to Sankaty Advisors, the global credit affiliate of Bain Capital. GE said in a statement the deal completes GE Capital's exit from Australia and New Zealand as part of a previously announced...

  • Nov 3- J. M. Smucker Co said it would sell its U.S. canned milk brands and operations to Eagle Family Foods Group LLC, a unit of private equity firm Kelso& Co.. The company's manufacturing facilities in El Paso, Texas, and Seneca, Missouri, will also be included in the transaction. Milk sales have been falling in the United States despite low prices.

  • J. M. Smucker to sell U.S. canned milk brands Tuesday, 3 Nov 2015 | 7:40 AM ET

    Nov 3- J. M. Smucker Co said it would sell its U.S. canned milk brands and operations to Eagle Family Foods Group LLC, a unit of private equity firm Kelso& Co.. Smucker said the business sells canned milk products under the Eagle and Magnolia brands and other private label trade names and brings in about $200 million in annual net sales. Financial terms of the deal were...

  • *ConAgra bought business in 2013 for $5.1 bln. Nov 2- ConAgra Foods Inc said it would sell its private-label unit to TreeHouse Foods Inc for $2.7 billion, after struggling to turn around the business it acquired just two years ago. "Given how long the process seemed to take and that in the end perhaps was the sole negotiating partner, we are slightly relieved for sake...

  • PARIS, Nov 2- French group Alstom said it had completed the 12.35 billion euro sale of its energy business to General Electric Co.. Alstom, which previously announced that it aimed to complete in the fourth quarter a sale transaction that will refocus it on the transport sector, said on Monday it planned to return between 3.2 and 3.7 billion euros of the sale...

  • Nov 2- ConAgra Foods Inc said it would sell its private brands unit to food company TreeHouse Foods Inc for $2.7 billion, just two years after picking up the business. TreeHouse, which will become the No. 1 private-label food manufacturer in the United States after the deal, said it would fund the cash transaction with $1.8 billion in new debt and about $1.0 billion...

  • *Deal with Sony worth around Y20 bln- Toshiba source. TOKYO, Oct 28- Japan's Toshiba Corp said on Wednesday it will sell its image sensor business to Sony Corp and overhaul its unprofitable semiconductor businesses as it works to recover from a $1.3 billion accounting scandal. Toshiba will sell its image sensor manufacturing plant in Oita, southern Japan, to Sony...

  • SYDNEY, Oct 28- National Australia Bank, the country's No.1 lender by assets, on Wednesday posted a 15.5 percent rise in annual profit and confirmed it would sell 80 percent of its insurance unit to Japan's Nippon Life Insurance Co for A $2.4 billion. NAB also announced it would spin off and sell its under-performing UK operations, Clydesdale Bank and Yorkshire...