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Surge says $430-million asset sale will reduce debt, help invest in discovery

2015-04-27 17:15:24| Energy - Topix.net

Surge Energy Inc. is selling some of its oil-producing assets in Saskatchewan and Manitoba for $430 million to an unidentified Canadian company. Calgary-based Surge said the sale will allow it to reduce its indebtedness and prepare it to redeploy capital to the Upper Shaunavon oil discovery in southwestern Saskatchewan.

Tags: sale reduce debt discovery

BYD seeks jump-start with asset sale, finance JV

2015-02-15 10:46:47| Auto Dealers - Topix.net

BYD's latest asset sale, combined with its new auto finance joint venture, are both aimed at boosting its struggling EV business, but it may have to sell off more assets before the market finally starts to gain some momentum. Doug Young has lived and worked in China for 15 years, much of that as a journalist for Reuters writing about Chinese companies.

Tags: sale finance asset seeks

Danaher's $2.6 Billion Asset Sale Just Caught the DOJ's Eye

2015-01-02 21:41:17| Industrial Machines - Topix.net

A likely space is the market for telecommunications service providers, where according to NetScout's most recent 10-K filed with the Securities and Exchange Commission, the company's primary large competitors are Tektronix, a division of Danaher, and JDS Uniphase Corp. NetScout is acquiring three lines from Danaher. There's Tektronix, which specializes in test, measurement and monitoring.

Tags: sale eye billion caught