Asset Sales

The Analyst Pablo Zuanic, from Cantor Fitzgerald, rated Columbia Care Inc. (OTC: CCHWF) as Overweight with a price target of $5.10. The Thesis Columbia Care reported its unaudited financial and operating results for the first quarter ended March 31, 2022, on Monday. The firm reported revenue of $...

FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRE: 0K9A) has closed the sale of the company’s former cannabis processing facility located in Cobourg, Ontario, Canada, for gross proceeds of CA$16.4 million ($12.65 million) in cash. The sale, completed on May 6, 2022, included a 26.1-hectacre...

Gato Investments LP agreed to acquire Hemisphere Media Group, Inc (NASDAQ: HMTV) at $7 per share. The offer price implies a premium of 86% over Hemisphere's closing share price on May 6, the last trading day before the announcement. Hemisphere will become a private company...

Jazz Pharmaceuticals plc (NASDAQ: JAZZ) has completed the divestiture of Sunosi (solriamfetol) in the U.S. to Axsome Therapeutics, Inc. (NASDAQ: AXSM). Deal Details Under the terms of the agreement, Jazz received an upfront payment of $53 million, and will receive a high single-digit royalty on...

Cemtrex Inc (NASDAQ: CETXP) looked to a strategic shift towards prioritizing its core businesses, notably Vicon Industries, its security technology brand.  Cemtrex explored the divestiture of one or more business units to bolster its Advanced Technologies segment. Cemtrex...

German software firm SAP SE ADS (NYSE: SAP) is working with investment bank Moelis & Company (NYSE: MC) to divest its corporate learning software business Litmos, Reuters reports.  CEO Christian Klein looks to move towards subscription-driven services and increase...

Orange (NYSE: ORAN) does not plan to sell its physical telecoms network, Reuters reports. CFO Ramon Fernandez denied news of Orange exploring the sale of its 734,000 kilometers of underground lines and its 15 million telephone poles worth €8 billion to an infrastructure fund. Orange...

Just Eat Takeaway.com NV (OTC: JTKWY) weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion. Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across...

JPMorgan Chase & Co (NYSE: JPM) advised Africa’s leading phone company MTN Group Ltd (OTC: MTNOY), on the planned spin-off of its financial technology business, Bloomberg reports. The fintech arm was worth $6 billion in 2021, Bloomberg noted. MTN looked to complete a...

Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has sold its interest in Stanley Park Digital Ltd., a technology consulting company that focusses on all aspects of blockchain technology, based in Vancouver, BC, for total cash proceeds of approximately CA$608,649 ($486,640). Heritage...

Autonomous trucking startup TuSimple Holdings Inc (NASDAQ: TSP) looked to divest its China business for up to $1 billion, Reuters reports. TuSimple approached several Chinese investors, including private equity firm Boyu Capital, searching for potential buyers. TuSimple aimed to...

P3 Health Partners Inc (NASDAQ: PIII) expects Q4 FY21 revenue of approximately $183 million, up 46% Y/Y, beating the consensus of $171 million. For FY21, the Company sees sales increase 32% to approximately $642 million. Q4 Net loss is expected to be approximately $(90) million - $(95)...

XPO Logistics Inc (NYSE: XPO) said on Tuesday it plans to split its key North American business units into two publicly traded units and aims to divest its European business and North American intermodal operation, a move that it says will unlock value for investors. What Happened: ...

Nordic American Tanker Ltd (NYSE: NAT) has agreed to sell a 2002 built vessel to an undisclosed buyer. The company plans to deliver the vessel to its new owners before the end of March. As per its plan to adjust its fleet, the company sold the 2000-built Nordic Sirius in October...

Vodafone New Zealand Ltd sought prospective buyers for its wireless phone towers that provide coverage to about 98% of the country’s population, Bloomberg reports. Infratil Ltd (OTC: IFUUF) and Brookfield Asset Management Inc (NYSE: BAM) own Vodafone New Zealand....