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Divestments

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  • Dec 15- Emerson Electric Co said it would sell its power transmission business to Regal Beloit Corp, a maker of electric motors, for $1.44 billion. The deal comprises $1.4 billion in cash and assumption of certain post-retirement liabilities, Emerson said. The unit had revenue of more than $600 million in 2014 and employed more than 3,000 people, the company said.

  • Dec 10- The change atop United Technologies Corp has set off speculation the U.S. conglomerate may eventually shake up its diverse industrial businesses, including possibly divesting its Sikorsky helicopter unit. Shares of United Technologies have climbed 4 percent since the company announced on Nov. 24 that Chief Financial Officer Greg Hayes replaced...

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is winding down in its current form, laying off some U.S. employees and pursuing a sale of some overseas operations, sources said on Tuesday. The divestment by Occidental Corp, which bought Westport, Connecticut- based Phibro from Citigroup Inc five years ago, will allow Hall...

  • NEW YORK, Dec 2- Brazil's Vale SA is considering the sale of a minority stake in its base metals division through an initial public offering as it looks to raise cash for core projects amid lower commodity prices, its CEO said on Tuesday. Vale Chief Executive Murilo Ferreira told investors in New York that the IPO would only take place if market conditions were "...

  • Kodak Selling Two Businesses to UK Pension Fund Monday, 29 Apr 2013 | 11:29 AM ET

    The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.

  • INR/USD to Hover Around 54 Mark: Pro   Thursday, 14 Feb 2013 | 7:40 PM ET
    INR to Hover Around 54/USD Mark For Next 12-Months: Pro

    Rahul Bajoria, Regional Economist, Barclays explains why the Indian rupee is set to hover near the 54 level over the next 12 months.

  • Cisco Sells Home Networking Business to Belkin Thursday, 24 Jan 2013 | 8:28 PM ET

    Cisco Systems is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.

  • Divesting for Cash or Reinvestment?   Wednesday, 16 Jan 2013 | 4:40 AM ET
    Divesting for Cash or Reinvestment?

    Pip McCrostie, global chair of E&Y, talks about their survey on companies monetizing non-core assets as a short term tool to make cash.

  • Cramer: McGraw-Hill Proves Breaking Up Is Easy to Do Thursday, 31 May 2012 | 6:24 PM ET
    jim-cramer-fb6-200.jpg

    Cramer breaks down the positives that will result from McGraw-Hill's corporate split.

  • Divestments Blog Post Sunday, 1 Dec 2002 | 12:00 AM ET