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Chartwell Retirement to sell U.S. business, focus on Canadian holdings
2015-03-17 17:40:22| Real Estate - Topix.net
Chartwell Retirement Residences has a deal to sell its entire U.S. portfolio of seniors-oriented properties through a series of transactions for US$849 million. The Toronto-area company expects to net about C$410 million cash, after repaying mortgage debt, tax and transaction costs.
Tags: business
sell
focus
canadian
TE Connectivity nears deal to sell network business to CommScope: WSJ
2015-01-27 04:50:00| Electronics - Topix.net
Swiss electronics company TE Connectivity Ltd is said to be nearing a deal to sell its network equipment unit to CommScope Holding Co Inc for about $3 billion, the Wall Street Journal reported, citing people familiar with the matter. The deal does not include the networking business' subsea fiber optics operation, which is used by telecom and oil and gas customers, the Journal reported.
Tags: business
network
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deal
MeadWestvaco to sell European tobacco folding carton business to AR Packaging
2015-01-23 01:00:00| Packaging Gateway
Global packaging company MeadWestvaco (MWV) has agreed to sell its European tobacco folding carton business to Sweden-based AR Packaging, a manufacturer of paperboard cartons, flexible packaging and trays.
Tags: business
sell
european
packaging
Sunplus to sell set-top box chip business to Availink
2015-01-20 14:20:08| Digital TV News
Sunplus Technology (TAIEX: 2401, LSE: SUPD) has announced that it will sell its set-top-box product center assets to Availink for NT$330 million, NT$295million of which it will use to to acquire a 16.67% share of Availink.
ADM To Sell Its Global Cocoa Business To Olam
2014-12-16 10:18:19| Agriculture - Topix.net
ADM TO SELL ITS GLOBAL COCOA BUSINESS TO OLAM Dec. 16, 2014 Source: Archer Daniels Midland news release Archer Daniels Midland Company today announced that it has reached an agreement to sell its global cocoa business to Olam International Limited for $1.3 billion, subject to customary adjustments. "We are continuing to actively manage our portfolio to create shareholder value by improving returns and dampening the volatility of our earnings," said ADM Chairman and CEO Patricia Woertz.
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