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Visa Will Acquire Payments Portfolio From Rambus
2019 Jun 25, 11:49am | 251Read More...Visa Inc (NYSE: V) will acquire the token services and ticketing businesses, formerly Bell ID and Ecebs LTD, from Rambus (NASDAQ: RMBS) for an undisclosed amount. “As the way people and businesses pay and get paid continues to evolve, the addition of Rambus’ technology will allow us to...
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Overstock CEO Says Company's Retail Business Has Multiple Suitors
2019 Jun 21, 11:47am | 202Read More...Overstock.com, Inc. (NASDAQ: OSTK)'s efforts to sell its retail business have intensified, said CEO Patrick Byrne, according to CNN Business. "Two very attractive acquirers that I would have put high up on my list have shown up," Byrne told CNN Thursday at the...
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Catalent To Purchase Bristol-Myers Squibb Manufacturing Facility In Italy
2019 Jun 19, 1:25pm | 117Read More...Catalent Inc (NYSE: CTLT) will purchase a Bristol-Myers Squibb (NYSE: BMY) manufacturing facility in Anagni, Italy. No terms have been disclosed yet. On Wednesday, Catalent shares traded down 0.4% to $50.40. Bristol-Myers Squibb shares traded up 0.59% at $48.05. Related links: Nikkei: Apple Could...
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Report: Dish Near $6B Deal For T-Mobile, Sprint Assets
2019 Jun 18, 1:51pm | 183Read More...DISH Network Corp (NASDAQ: DISH) is said to be nearing a $6 billion deal to buy T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) assets, according to Bloomberg. Earlier this month, reports emerged that New York Attorney General Letitia James and California attorney General Xavier Becerra filed a...
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Aecom To Spin Off Management Services Unit
2019 Jun 17, 8:12am | 144Read More...Aecom (NYSE: ACM) plans to spin off its management services business in the second half of 2020. Aecom is an engineering firm and in 2018 the company’s management services generated $3.7 billion revenue and $239 million of adjusted income. Aecom shares were trading up 1.8% at $34 in Monday...
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Investors Cheer As Frontier Communications Offloads Operations In 4 States
2019 May 29, 11:34am | 287Read More...Frontier Communications Corporation (NASDAQ: FTR) will sell its operations and all associated assets in Washington, Oregon, Idaho and Montana to WaveDivision Capital, LLC in partnership with Searchlight Capital Partners, LLC for $1.352 billion in cash, the company announced Wednesday....
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Trump Says GM Is Selling Lordstown Plant To Workhorse
2019 May 08, 11:43am | 566Read More...Workhorse Group Inc (NASDAQ: WKHS) surged 40 percent Wednesday morning after President Donald Trump claimed it would purchase General Motors Company (NYSE: GM)’s Lordstown plant. According to a presidential tweet, GM CEO Mary Barra struck an agreement with the UAW to sell the Ohio plant for...
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Canopy Growth Acquires NY Facility For Hemp Industrial Park
2019 Apr 29, 2:01pm | 328Read More...Canopy Growth Corp (NYSE: CGC)'s plans to build a Hemp Industrial Park in New York are in full swing. What Happened The Canadian cannabis company said it has secured a facility in Kirkwood and will commence design and construction to ready it to support the extraction and manufacturing of...
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Report: Kraft Heinz Having Difficulty Unloading Maxwell House
2019 Apr 26, 10:56am | 421Read More...Food company Kraft Heinz (NASDAQ: KHC),has struggled to sell the Maxwell House coffee brand since putting it up for sale in February for about $2.5 billion, the New York Post reported Thursday. What Happened Potential buyers met with Kraft Heinz in April to look at the books, but no...
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Report: Comcast Might Sell Hulu Stake To Disney
2019 Apr 25, 12:07pm | 388Read More...Walt Disney Co (NYSE: DIS) already owns a majority stake in Hulu and is in talks with Comcast Corporation (NASDAQ: CMCSA) to buy its 30-percent stake, CNBC reported. What Happened Comcast's stake in Hulu has been a "frustrating" experience and is exploring a sale of...
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Morgan Stanley Dissects AT&T's Sale Of Hulu Stake
2019 Apr 16, 10:44am | 417Read More...AT&T Inc. (NYSE: T) has agreed to sell its 9.5-percent ownership stake in streaming video company Hulu back to the company itself for $1.43 billion. What Happened The deal values the company at $15 billion, CNBC reported. AT&T said it will use the proceeds from its asset sale to lower...
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The Street's Reaction To Constellation Brands Earnings, Wine Divestiture
2019 Apr 05, 1:26pm | 641Read More...Constellation Brands, Inc. (NYSE: STZ) reported fourth-quarter results that came in better than expected. The company also announced an agreement to divest around 30 of its wine and spirits brands and related facilities for $1.7 billion. The Analysts Bank of America's Bryan Spillane maintains...
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Analyst: Constellation's Wine Sale Will Likely Be Dilutive For 3 Years
2019 Apr 04, 12:16pm | 373Read More...Alcohol company Constellation Brands, Inc. (NYSE: STZ) reached an agreement Wednesday to sell around 30 brands from its wine and spirits portfolio. What Happened Constellation Brands, perhaps best known for its Corona beer, will divest more than two dozen brands that retail for $11 and below,...
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Kellogg Sells Keebler, Other Brands To Ferrero In $1.3B Deal
2019 Apr 01, 11:00am | 393Read More...Kellogg Company (NYSE: K) announced Monday that it's selling its Keebler, Famous Amos and fruit snack businesses to Nutella owner Ferrero Group. What Happened The value of the deal is $1.3 billion, and it is expected to close by the end of July, Kellogg said in a press...
