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JD.com's Logistics Arm Aims To Raise $3.4B From Hong Kong IPO
Monday, May 17, 2021 - 8:47am | 479Read More...JD.com Inc (NASDAQ: JD) delivery arm, JD Logistics, has tapped China’s pandemic-induced online shopping boom to raise around $3.4 billion (HK$26.4 billion) from its Hong Kong initial public offering. It offers to sell 609.2 million shares for HK$39.36 and HK$43.36 per share, ...
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Becton Dickinson To Spin-Off Diabetes Care Business: Highlights
Thursday, May 6, 2021 - 12:53pm | 429Read More...While reporting financial results for the second fiscal quarter of the year, during which revenues grew more than 15% to $4.9 billion, Becton Dickinson and Co (NYSE: BDX) also laid out its plans to spin off its diabetes-focused segment. Split Highlights: The split...
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Verizon To Divest Media Assets Including Yahoo, AOL To Focus On 5G
Monday, May 3, 2021 - 6:29am | 563Read More...Verizon Communications Inc (NYSE: VZ) is near a deal to sell Yahoo and AOL to the private equity firm Apollo Global Management Inc (NYSE: APO), renouncing its digital ad competition with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and ...
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Dell To Sell iPaaS Provider Boomi For $4B
Monday, May 3, 2021 - 6:12am | 174Read More...Global investment firm Francisco Partners and private equity platform of global alternative asset firm TPG, TPG Capital, inked an agreement with Dell Technologies Inc (NYSE: DELL) to acquire cloud-based integration platform as a service (iPaaS) provider, Boomi, in a cash...
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Bausch Health Exploring Potential Divestiture Of Eye Care Units: Bloomberg
Thursday, April 29, 2021 - 12:36pm | 269Read More...Bausch Health Companies Inc (NYSE: BHC) said in August that it would spin off its eye-care unit and operate it as an independent, publicly traded company. As a standalone company, Bausch + Lomb could be valued at $20 billion to $30 billion, according to Bloomberg Intelligence. The...
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Dell Stock Is Trading Higher After Announcing Planned VMware Spin Off
Thursday, April 15, 2021 - 8:52am | 322Read More...Dell Technologies Inc (NYSE: DELL) announced the prearranged spin-off of its 81% equity ownership interest in cloud computing and virtualization technology company VMware Inc (NYSE: VMW). The transaction will translate into two standalone listed companies. Dell...
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Philips Divests Appliances Business To Hillhouse For $4.4B: Bloomberg
Thursday, March 25, 2021 - 9:56am | 383Read More...Royal Philips NV (NYSE: PHG) is divesting its domestic-appliances unit to private equity firm Hillhouse Capital in a deal worth $4.4 billion (€3.7 billion) to accelerate its conversion into a healthcare equipment maker post exit from the consumer-electronics businesses, ...
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TSM Raises $326.8M From VisEra Share Sale Before Spinoff: Bloomberg
Wednesday, February 24, 2021 - 7:01am | 232Read More...Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) sold 38 million shares in VisEra Technologies at $8.60 (NT$240) per share before a planned initial public offering (IPO) of the image sensor provider reducing its stake to 73.9%, Bloomberg reports. The sale was to facilitate a...
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Prudential To Demerge US Business As Separate Entity, Raise $3 Billion Equity
Thursday, January 28, 2021 - 6:28am | 241Read More...Prudential PLC (NYSE: PUK) is set to demerge Jackson, its U.S. business unit as a separate entity, the Financial Times reports. The move will break-up the 173-year-old life insurer to focus on Asia. The insurance giant had been under pressure from activist investor Third Point to split...
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SAP CEO Says Qualtrics Spin Off IPO Is 'Massively Oversubscribed:' CNBC
Wednesday, January 27, 2021 - 8:45am | 262Read More...SAP SE (NYSE: SAP) Chief Executive Christian Klein told CNBC in an interview that its enterprise software unit spin off Qualtrics International Inc (NASDAQ: XM) is “massively oversubscribed.” Qualtrics could raise $1.46 billion from the IPO at a $14.6 billion...
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SSE Offloads Stakes In Multifuel Energy JV For $1.3B
Tuesday, October 13, 2020 - 6:46am | 322Read More...Scotland-based energy company SSE Plc (OTC: SSEZY) will sell its 50% stakes in two energy-from-waste joint ventures Multifuel Energy Ltd and Multifuel Energy 2 Ltd for approximately $1.3 billion (995 million pounds), reports Bloomberg. Australian asset management company First Sentier...
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Alibaba's Ant Financial Aims To Raise World's Largest Ever IPO At $35B
Monday, September 21, 2020 - 6:05am | 311Read More...Alibaba Group Holding Ltd’s (NYSE: BABA) subsidiary Ant Financial has upsized its initial public offering valuation target by $25 billion to $250 billion, seeking to raise $35 billion, Bloomberg reported late Sunday. The financial services company, expecting to raise $30...
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Garrett Files For Bankruptcy Protection Amid Fallout With Honeywell
Monday, September 21, 2020 - 4:28am | 417Read More...Switzerland-based auto-parts manufacturer Garrett Motion Inc (NYSE: GTX) has voluntarily filed for Chapter 11 bankruptcy protection and proposed a $2.1 billion sale of its business to KPS Capital Partners, LP. What Happened: In less than two years of listing as a public company — post spinoff...
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Spin-Offs: Why Do Companies Do It, And What They Might Mean To Your Portfolio
Friday, August 1, 2014 - 3:43pm | 1033Read More...Synchrony Financial (NYSE: SYF), also known as GE Capital, spun off on Thursday. Earlier in the week, Windstream (NASDAQ: WIN) received a private letter ruling from the IRS, regarding the tax implications of a spin-off consisting of its fiber and copper network. The recent...
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ConocoPhillips Plans To Spin Off Refining Unit; Shares Jump 7% In Pre-Market
Thursday, July 14, 2011 - 7:42am | 67Read More...ConocoPhillips (NYSE: COP) announced its plans to split off its refining unit into a separate, publicly-traded company. The company's CEO and Chairman Jim Mulva also announced its plans to retire once the transaction is complete. The company projects to complete a tax-free spin-off to shareholders...
