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Verizon passes on $144M in Caf II funding as wireline asset sale rumors swirl
2015-08-31 19:40:36| IT Services - Topix.net
Verizon is not accepting funding of $144 million total per year for six years to expand broadband in the rural areas it serves from the second phase of the FCC's Connect America Fund , fueling new rumors that it's considering a sale of another large piece of its wireline asset portfolio. According to a Broadband DSL Reports article, speculation has emerged that Verizon is in talks with an unnamed service provider to sell more of its wireline assets, with a deal that could be announced early next year.
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Magna completes sale of interiors business to Grupo Antolin
2015-08-31 19:40:05| Canadian Plastics Headlines
Canadian automotive parts supplier Magna International Inc. has completed the sale of its interiors operations to Spanish auto parts manufacturer Grupo Antolin. The sale, for approximately US$525 million, was announced in April, and involves the production of headliners, interior trim… The post Magna completes sale of interiors business to Grupo Antolin appeared first on Canadian Plastics.
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interiors
Ashford Prime MullsPossible Sale
2015-08-29 13:29:32| Jewelry - Topix.net
Bennett: 'While we are confident in our strategic plan, we have concluded that we should consider all other opportunities to maximize shareholder value." DALLAS- Ashford Hospitality Prime Inc. said Friday that the independent directors of its board have begun exploring strategic alternatives, including a possible sale.
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Ashford Hospitality explores its options, including possible sale of the company
2015-08-28 18:30:22| Jewelry - Topix.net
The real estate investment trust said it has hired Deutsche Bank to act as financial adviser. "We do not believe Ashford Prime's current share price accurately reflects the company's intrinsic value," Chief Executive Monty Bennett said in a statement.
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Shareholder sues to block Precision Castparts sale
2015-08-27 08:39:48| Industrial Machines - Topix.net
Berkshire Hathaway's $37.2 billion deal to buy Portland's Precision Castparts Corp. faces a legal hurdle after a shareholder sued this week to block the purchase. A lawsuit filed Thursday, Aug. 13, in Multnomah County Circuit Court seeks class-action status for Precision Castparts' shareholders affected by the sale.
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