Asset Sales

SunOpta Inc. (Nasdaq: STKL) today announced that it has signed a definitive agreement to sell its Canadian natural health products distribution business (operated as Purity Life Natural Health Products) to an affiliate of Banyan Capital Partners ("Banyan"). The transaction, valued at CDN $14,700,...

Friday, May 25, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News CME Group (NYSE: CME) Announces Five-for-One Stock Split Bank of America (NYSE: BAC) Enters Into Agreement to Sell Remaining...

Bank of America announced today that it and Barclays Bank PLC have entered into an agreement with Equity Residential and Lehman Brothers Holdings Inc. pursuant to which Bank of America and Barclays will sell their remaining 26.5 percent interest in Archstone, a privately-held owner, operator and...

Independent Bank Corporation (NASDAQ: IBCP) today announced that its subsidiary bank, Independent Bank, has signed a definitive agreement to sell 21 of its branches to Chemical Bank, headquartered in Midland, Michigan. The branches to be sold include 6 branch locations in the Battle Creek market...

American Spectrum Realty, Inc. (NYSE: AQQ) is under contract to sell four (4) office buildings in Houston, Texas. The four buildings are contiguous and encompass approximately 11 acres of land. The sale is expected to be completed in the Company's 3rd quarter of 2012. The Buyer is a large...

China Automotive Systems, Inc. (NASDAQ: CAAS) oday announced that its wholly owned subsidiary, Great Genesis Holdings Limited, has entered into a definitive agreement to sell its equity interest in Zhejiang Henglong & Vie Pump-Manu Co., Ltd, to the Zhejiang Vie Group Great Genesis's joint...

ConAgra Foods, Inc. (NYSE: CAG) announced today that it has acquired Kangaroo Brands' pita chip business. ConAgra Foods' acquisition of the pita chip business is consistent with its strategy to grow its presence in private label foods. “Pita chips are a high-growth category and a natural fit with...

US Ecology (NASDAQ: ECOL) announced Monday that it has entered into a definitive agreement with PVS Chemicals to acquire the stock of its wholly owned subsidiary Dynecol. Dynecol owns and operates a permitted Treatment, Storage and Disposal facility located in Detroit, Michigan. The facility, which...

InterMune, Inc. (NASDAQ: ITMN) today announced that it has reached a definitive agreement with Vidara Therapeutics International Limited (Vidara) to sell its rights to Actimmune® (interferon gamma-1b) in a cash transaction valued at $55 million plus a two-year royalty stream.  Vidara is part of an...

The Shaw Group Inc. (NYSE: SHAW) today announced it has entered into a definitive agreement to sell substantially all of its Energy & Chemicals business to Technip. Under the terms of the agreement, Technip will acquire substantially all of the business of the Energy & Chemicals Group for...