Asset Sales

New On The Block Following a review of strategic alternatives initiated earlier this year, Domo, Inc. (NASDAQ:DOMO) said its board has determined that pursuing a strategic transaction is the most effective path to maximize shareholder value. • Domo stock is showing exceptional strength. What...

Logistic Properties of the Americas (NYSE:LPA) shares are trending on Wednesday night. LPA shares surged 71.01% to $5.37 in after-hours trading on Wednesday after the Peru-based Real Estate Investment Trust announced a $145 million divestment of its flagship Peru logistics asset to FIBRA Prime....

Comtech Telecommunications Corp. (NASDAQ:CMTL) stock rose Monday after the communications technology company agreed to sell most of its Satellite and Space Communications business to Gilat Satellite Networks Ltd. (NASDAQ:GILT) for $157.5 million and reported fiscal third-quarter results that topped...

Editor’s note: The story has been updated to include a comment from a BlackRock spokesperson. BlackRock Inc. (NYSE:BLK) got a rebid opportunity to retain New York City pension mandates on Friday, as Comptroller Mark Levine opened a competitive review despite prior climate-related concerns...

New On The Block Sangamo Therapeutics, Inc. (NASDAQ:SGMO), a genomic medicine company, announced that, after extensive consideration of the company's pipeline and financial resources, it has retained Raymond James as its financial advisor to assist in evaluating a full range of strategic...

United Community Banks, Inc. (NYSE:UCB) stock edged higher on Friday after the regional lender announced a $1.9 billion cash deal to sell its equipment finance business. United Community Banks To Sell Equipment Finance Business United on Friday announced a definitive agreement to sell its equipment...

New On The Block Jasper Therapeutics (NASDAQ:JSPR), a clinical-stage biotechnology company, is reviewing strategic alternatives, including a sale or merger, to maximize shareholder value. The company intends to evaluate cost-saving measures to preserve cash and maintain compliance with regulatory...

New On The Block Largo Inc. (NASDAQ:LGO) plans to evaluate strategic alternatives for its 100%-owned tungsten assets. The evaluation process is expected to include joint ventures, asset-level financing, minority investments, sale or spin-out opportunities to unlock value for Largo shareholders...

International Flavors & Fragrances Inc. (NYSE:IFF) shares are slightly down on Friday. The company is advancing its portfolio transformation with the sale of its Food Ingredients business to CVC for about $4.3 billion. Food Ingredients business is a global supplier of texturants, emulsifiers,...

Updates From The Block NextEra Energy (NYSE:NEE) is planning to buy Dominion Energy (NYSE:D) for $66.8 billion. The all-stock transaction, which is pending regulatory approval, will be the third-largest energy company behind Exxon and Chevron. The combined enterprise value is approximately $420...

Conduent Incorporated (NASDAQ:CNDT) shares are up during Friday’s premarket session, as the company has announced an agreement to sell its Public Transit business to Modaxo for $164 million. This strategic move is part of Conduent’s plan to simplify its portfolio and strengthen its...

Sun Communities, Inc. (NYSE:SUI) said Wednesday it agreed to sell its U.K. assets, including the Park Holidays business, to funds affiliated with Aermont Capital in an all-cash deal valued at about 768 million pounds, or $1.03 billion. The REIT said the transaction will sharpen its focus on its...

China's oldest independent data center operator is finding its footing in the AI era, helped by a new $1 billion investment from battery champion CATL image credit: Bamboo Works Key Takeaways: Once a data center laggard, VNET has advanced its reinvention as an AI-focused wholesale data center...

New On The Block GoPro (NASDAQ:GPRO) has retained Houlihan Lokey as financial adviser and Fenwick & West as legal counsel as it explores a potential sale and other strategic alternatives. The company previously disclosed that it had launched a review process following multiple unsolicited...

Chevron Corporation (NYSE:CVX) on Thursday disclosed the sale of its several downstream businesses to ENEOS Holdings for an acquisition price of $2.17 billion. Details ENEOS inked a share purchase agreement with Chevron subsidiaries to acquire Chevron's downstream fuels and lubricants marketing...