Tag

Asset Sale

All articles tagged with #asset sale

business10 days ago•2 min saved

Blue Owl tightens liquidity after $1.4B loan sale reshapes retail fund

Blue Owl Capital is tightening investor liquidity by offloading $1.4 billion of loan assets from three private debt funds, including $600 million from OBDC II, to North American pension and insurance buyers. OBDC II will cease regular quarterly liquidity payments and shift to periodic payouts funded by asset sales, earnings, and repayments, with proceeds used to pay down debt and return capital to OBDC II shareholders (up to $2.35 per share, about 30% of NAV). The move comes as private markets confront liquidity pressures; the other funds, OBDC and OTIC, sold $400 million each. Blue Owl’s shares declined roughly 8.7% after the announcement, illustrating investor concern over liquidity dynamics in private credit.

via CNBC|

#asset-sale #blue-owl-capital #business

business11 days ago•6 min saved

Ovintiv Moves to Divest Anadarko Portfolio for $3B Cash

Ovintiv announced a definitive agreement to sell its Anadarko assets in Oklahoma for $3 billion in cash, covering about 360,000 net acres. The deal is expected to close in early Q2 2026 with an effective date of January 1, 2026, and aims to de‑leverage the balance sheet while boosting returns to shareholders; Wells Fargo is advising, with further guidance to be provided in Ovintiv’s Q4 2025 results.

via Ovintiv Investor Relations|

#anadarko #asset-sale #business

business1 month ago•11 min saved

Judge approves Genesis HealthCare sale to 101 West in $996M deal

A federal bankruptcy judge approved the sale of Genesis HealthCare and its roughly 300 subsidiaries to the newly formed investment group 101 West for $996 million after a two-month auction, despite objections from rival bidders and questions about bidder connections. The deal includes assuming 50% equity in a related joint venture and is subject to financing and closing conditions, with a backup bid from Genie 3 kept in play.

via McKnight's Long-Term Care News|

#101-west #asset-sale #auction

technology5 months ago•1 min saved

Marissa Mayer shuts down old AI startup, transfers assets to new venture

Marissa Mayer is shutting down her consumer software startup Sunshine and selling its assets to her new AI company, Dazzle, which aims to develop an AI personal assistant, with all Sunshine employees moving to Dazzle.

via TechCrunch|

#ai-startup #asset-sale #dazzle

business8 months ago•2 min saved

Del Monte and Iconic Canned Goods Brands Face Bankruptcy After 139 Years

Del Monte Foods, a historic canned fruit and vegetable company with 139 years of operation, has filed for Chapter 11 bankruptcy to facilitate a court-supervised sale of its assets, aiming to strengthen its financial position and ensure continued operations during a challenging macroeconomic environment.

via MLive.com|

#asset-sale #bankruptcy #business

business8 months ago•5 min saved

Shell and BP Engage in Strategic Talks Amid Market Rivalries

BP is under pressure due to declining share prices and potential takeover interest, with Shell stepping back from a merger attempt. The company is focusing on core assets like deepwater oil, US shale, and LNG, while considering asset sales to improve its financial position amid volatile oil prices and strategic challenges.

via Financial Times|

#asset-sale #bp #business

business8 months ago•7 min saved

Sunnova's Bankruptcy Highlights Challenges in the Solar Industry

Sunnova Energy filed for Chapter 11 bankruptcy to facilitate a sale of its assets, while continuing operations and service to customers, supported by interim court approvals and new agreements with ATLAS SP Partners and Lennar Homes to secure additional capital and assets.

via Business Wire|

#asset-sale #bankruptcy #business

finance1 year ago•1 min saved

Medical Properties Trust Stock Surges on Positive News

Medical Properties Trust stock surged 18.8% after announcing the sale of its interests in five Utah hospitals to a joint venture for $886 million, generating a total of $1.1 billion in cash proceeds. The company plans to use the funds to reduce debt, including payment of a $300 million Australian term loan due this year and repayment of borrowings. This move follows recent asset divestments in California and New Jersey, as well as a deal by its largest tenant, Steward Health Care, to divest its physician network. Investors are optimistic about the company's efforts to improve its financial position and the potential for long-term value.

via The Motley Fool|

#asset-sale #finance #healthcare-facilities

finance1 year ago•2 min saved

Medical Properties Trust Stock Skyrockets on Utah Hospital Deal and Asset Sales

Medical Properties Trust stock surged nearly 19% after announcing the sale of its interests in five Utah hospitals to a joint venture for $886 million, generating around $1.1 billion in total cash proceeds. The company plans to use the funds to reduce debt, including payment of a $300 million Australian term loan and repayment of borrowings. This follows recent asset sales and positive developments with its largest tenant, Steward Health Care, indicating efforts to strengthen its balance sheet and restore business stability.

via Yahoo Finance|

#asset-sale #finance #healthcare-facilities

business2 years ago•1 min saved

"Polymetal International's $3.7 Billion Deal to Sell Russian Assets"

Polymetal International has agreed to sell its Russian assets to Siberian gold miner Mangazeya Plus for $3.69 billion, including the Russian operation's net debt of $2.21 billion, as part of efforts to comply with U.S. sanctions imposed in response to Russia's military actions in Ukraine. The deal involves cash payments and dividends, with Polymetal intending to use $1.15 billion of the dividends to repay debt. The transaction, which requires shareholder approval, will allow Polymetal to retain $300 million in post-tax proceeds, some of which will be used to develop a project in Kazakhstan.

via Reuters|

#asset-sale #business #gold-mining

business2 years ago•1 min saved

Bird, Once Valued at $2.5 Billion, Files for Bankruptcy

Electric scooter company Bird has filed for Chapter 11 bankruptcy protection in Florida federal court. The company, once valued at $2.5 billion, plans to use the bankruptcy proceedings to facilitate a sale of its assets within the next 90 to 120 days. Bird's popularity declined during the Covid-19 pandemic, and its share price tumbled after going public via a merger in 2021. The company's bankruptcy filing comes after being delisted from the New York Stock Exchange in September. Bird Canada and Bird Europe are not included in the filing and will continue to operate normally.

via CNBC|

#asset-sale #bankruptcy #bird

cryptocurrency2 years ago•1 min saved

FTX's $744M Asset Sale and SOL's 5% Drop: What's Driving Investor Interest?

Bankrupt crypto exchange FTX and its debtors have requested approval from the U.S. bankruptcy court to sell approximately $744 million worth of trust assets, including funds from Grayscale and Bitwise, through an investment adviser. The sale aims to prepare for forthcoming distributions to creditors and expedite the selling process. FTX, once a major crypto exchange, went bankrupt in November 2023 following reports of customer fund misappropriation. FTX founder Sam Bankman-Fried was recently found guilty of defrauding customers and lenders, potentially facing 15-20 years in jail. The trust assets consist of Grayscale and Bitwise funds, allowing investors exposure to digital assets without direct ownership.

via CoinDesk|

#asset-sale #bankruptcy #bitwise

business2 years ago•4 min saved

"Nelson Peltz intensifies pressure on Disney with increased stake and board seat demands"

Disney is facing renewed pressure from activist investor Nelson Peltz after its stock hit a nine-year low. Peltz's hedge fund, Trian Fund Management, has boosted its stake in Disney and is seeking multiple board seats, including one for himself. Peltz aims to deliver value through immediate strategies like asset sales, which could benefit shareholders in the short term. Disney is grappling with declines in its TV business, succession questions, and the need to address challenges in its parks, linear TV division, and streaming services. The company has taken steps to reset its business, including cost-cutting initiatives and restructuring, but more needs to be done to improve its stock performance.

via Yahoo Finance|

#activist-investor #asset-sale #business

business2 years ago•1 min saved

Disney in Talks to Sell India Assets to Adani and Sun TV

The Walt Disney Co. is reportedly in talks with potential buyers, including Gautam Adani and Kalanithi Maran, for the sale of its India streaming and television business. Disney is exploring various options, such as selling part of its Indian operations or a combination of assets, including sports rights and regional streaming service Disney+ Hotstar. Previous discussions have also taken place with Reliance Industries Ltd. Disney's unit lost its streaming rights for the Indian Premier League to Viacom18 Media Pvt. The talks are still in the early stages, and a deal may not materialize.

via Greatandhra|

#asset-sale #business #disney

business2 years ago•9 min saved

Canopy Growth's BioSteel Unit Faces Bankruptcy and Restructuring Amid Cannabis Focus

Canopy Growth Corporation has announced that it will no longer fund its BioSteel Sports Nutrition Inc. business unit and that BioSteel has filed for creditor protection under the Companies' Creditors Arrangement Act. Canopy Growth, as the senior secured lender, expects to recover proceeds from the sale of BioSteel's assets. This move is part of Canopy Growth's strategy to simplify its business and focus on its core cannabis operations in North America. The company aims to achieve positive Adjusted EBITDA in all remaining business units by the end of FY2024. Canopy Growth has recently made significant progress in reducing its debt, selling properties, and achieving cost reductions.

via PR Newswire|

#asset-sale #biosteel #business