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Mergers and Acquisitions Divestments

  • *Q4 core EPS $1.21 vs consensus forecast $1.13. LONDON, Feb 2- AstraZeneca warned on Thursday that profit and revenue would both fall this year as cheap generic versions of its cholesterol drug Crestor continue to hit sales. It has offset falling sales by divesting some non-core assets, resulting in fourth-quarter 2016 core EPS, which excludes some items, rising...

  • *Q4 core EPS $1.21 vs consensus forecast $1.13. It has offset falling product sales by divesting some non-core assets, resulting in fourth-quarter 2016 core EPS, which excludes some items, up 29 percent in dollar terms at $1.21 on revenue down 13 percent at $5.59 billion. The consensus forecast among industry analysts was for quarterly revenue of $5.57 billion...

  • NEW YORK, Jan 31- Jared Kushner has divested his equity interest in 666 Fifth Avenue, a 39- story office and retail building on Manhattan's famed shopping area, according to a spokesperson at Kushner Companies. Kushner said he would step down as CEO of Kushner Companies, a family owned real estate company, and begin to divest himself of substantial assets after he...

  • The company's loss from continuing operations was $321.2 million, or $1.42 per share, in the fourth quarter ended Dec. 31, compared with a profit of $45.3 million, or 18 cents per share, in the year-earlier period. Consol said it recorded several one-time charges in the quarter, including a $237 million loss on commodity derivatives. Total revenue and other income...

  • LAGOS, Jan 30- Nigeria has asked Goldman Sachs and the local unit of South Africa's Standard Bank to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic IBTC Bank said on Monday. Such bonds are a form of government debt that targets members of the national community abroad and Africa's biggest economy first announced plans...

  • Jan 26- Sportswear retailer Finish Line Inc said on Thursday it would sell its unprofitable JackRabbit business to CriticalPoint Capital LLC, two months after announcing that it would explore strategic alternatives for the specialty running gear unit. JackRabbit, formerly known as Running Specialty Group, is a chain of 65 stores in 17 U.S. states selling...

  • Jan 26- Lionsgate has initiated talks to sell its stake in Epix to the premium U.S. cable channel's other two shareholders, MGM Holdings Inc and Paramount, a unit of Viacom Inc, according to people familiar with the matter. The outcome could be that MGM and Viacom become 50-50 partners in Epix, the people added, cautioning that no deal was certain.

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including...

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to help avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds...

  • Jan 19- Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much of Aon's 2010 acquisition of human resources services provider Hewitt Associates Inc for $4.9 billion,...

  • TOKYO, Jan 18- Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday. Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but...

  • *Indonesia may export up to 5.2 mln T nickel ore- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • Jan 12- McDonald's Corp is inviting bids for the sale of a 33 percent stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. McDonald's- which last week agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP- said in...

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...