bankruptcy

New On The Block Harley-Davidson (NYSE:HOG) is selling its financing arm. Bloomberg estimates a price tag of $1 billion. The Milwaukee-based motorcycle brand could market the segment to various buyers, including regional banks and private equity firms. Separately, there’s drama brewing on...

These past three months were not what U.S. dealmakers wanted or expected. As of April 3, transaction tracker Dealogic showed zero percent growth in U.S.-based M&A volume compared to last year’s first quarter. Elsewhere? Volume is spiking triple digits. The Middle East and Africa combined...

Bankruptcy Block Plenty, a vertical farming company backed by billionaire Jeff Bezos, is wilting in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of...

New On The Block Sandals Resorts International is once again trying to sell itself after years of family drama that’s more akin to “Succession” than “Paradise Hotel.” The Caribbean company — famous for its luxury destinations in places like Jamaica, the Bahamas, Saint...

New On The Block Purple Innovation, Inc. (NASDAQ:PRPL) is considering a sale. After receiving “unsolicited expressions of interest,” the mattress maker is exploring all possibilities to boost shareholder value. Purple's board established a special committee of independent directors to...

Spirit Aviation Holdings, Inc. (OTC:SAVEQ), the parent company of Spirit Airlines, LLC (OTC:SAVEQ) announced that it has successfully completed its financial restructuring. What Happened: The United States Bankruptcy Court for the Southern District of New York has confirmed Spirit...

New On The Block Raizen, a Brazilian joint venture between Shell plc (NYSE:SHEL) and Cosan SA (NYSE:CSAN), tapped JPMorgan to shop around its Argentinian oil refinery and gas stations network. Bloomberg recently reported that the company is undergoing a "profound" portfolio revision, citing CEO...

New On The Block Boeing (NYSE:BA) is seeking to sell Insitu, a maker of small, long-range military drones, per Bloomberg. The Arlington County, Virginia-based aerospace company acquired Insitu in 2008. Since then, the business has gone on to make drones for various military, including Ukraine...

Dynamic Aerostructures, which makes high-tech parts for U.S. fighter jets and SpaceX rockets, has filed for bankruptcy. What Happened: According to Bloomberg, the Valencia, California-based company plans to auction itself off in a court-supervised sale. Dynamic is owned by a private equity firm,...

New On The Block The New York Giants are seeking to sell up to a 10% ownership stake. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker. Per ESPN, the Mara and Tisch families...

New On The Block PharmChem, Inc. (OTC:PCHM), the go-to name for drug-detecting sweat patches, is officially exploring strategic alternatives (i.e., mergers, acquisitions, or an outright sale). So far, the board of directors expressed confidence that it can handle things solo as opposed to hiring a...

New On The Block Sage Therapeutics, Inc. NASDAQ: SAGE) is officially exploring "strategic alternatives" to make shareholders happy. The process includes anything from a possible business combination to a full-on sale. Who’s interested? That would be Biogen Inc. (NASDAQ:BIIB), which submitted...

It seems even the mighty Guinness isn't immune to a hangover from the economic times. Diageo, the global booze behemoth, is reportedly considering selling or spinning off its iconic beer brand. The deal could fetch a frothy $10 billion, according to Bloomberg. The reasons? Inflation and health...

Canoo Inc. (NASDAQ:GOEV) shares are trading lower in the premarket session on Tuesday after the electric vehicle company filed for Chapter 7 bankruptcy. What Happened: The filing, made with the U.S. Bankruptcy Court in Delaware, initiates the liquidation of Canoo's assets under the supervision of a...

President Joe Biden prioritized freeing non-violent drug offenders during his final few days in the White House, but TikTok? That's President-elect Donald Trump's problem now. According to the Associated Press, Biden has no intention of enforcing the ban, which takes effect on his last full day in...