All articles tagged with #strategic alternatives
Originally Published 25 days ago — by PR Newswire
Warner Bros. Discovery's board unanimously recommends shareholders reject Paramount Skydance's tender offer, citing inadequate value, significant risks, and the superiority of their merger with Netflix, which offers more certain and substantial benefits.
Originally Published 2 months ago — by Variety
Warner Bros. Discovery is evaluating unsolicited acquisition offers from multiple parties, including a potential full company sale or separate transactions for its divisions, amid ongoing strategic restructuring and a planned separation of Warner Bros. and Discovery Global by April 2026.
Originally Published 4 months ago — by View from the Wing
Spirit Airlines is on the verge of filing for its second Chapter 11 bankruptcy in five months, having previously exited bankruptcy in March 2025 after restructuring debt but not its business model. The airline has been struggling with declining revenue, rising costs, and changing consumer preferences, and has hired advisors to explore strategic options amid ongoing financial difficulties. Despite its challenges, Spirit Airlines remains a notable player in the industry, known for low fares and cost-cutting efforts.
Originally Published 6 months ago — by Barron's
Honeywell's stock rose as the company announced it is exploring strategic options for its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses, which may involve selling these units. This move is part of a broader plan to split into three separate companies focused on automation, aerospace, and advanced materials, with the goal of simplifying operations and increasing value. The automation segment, which includes PSS and WWS, is being emphasized as a core growth area, and the company expects to complete the spin-off of its materials business by year-end and the separation of automation and aerospace by 2026. Investors seem optimistic about the potential value creation from this breakup.
Originally Published 1 year ago — by Fox Business
Electric vehicle startup Fisker has slashed prices for its 2023 Ocean electric SUV lineup in a bid to avoid bankruptcy after a potential deal with another automaker fell through. The company reduced the MSRPs by tens of thousands of dollars and emphasized the vehicles' additional options. Industry analysts express concerns about Fisker's future, with one suggesting that only a few EV companies, including Tesla and major traditional automakers producing EVs, will survive in the long run. Fisker's shares have been delisted from the New York Stock Exchange, and the company is considering strategic alternatives, including potential restructurings and capital market transactions. If Fisker were to file for bankruptcy, it would be the second auto startup from CEO Henrik Fisker to do so.
Originally Published 2 years ago — by MMA Fighting
Endeavor Group Holding, the parent company of WME talent agency and other sports properties, is exploring strategic alternatives, including a potential sale, to maximize shareholder value. However, the controlling interest in TKO Group Holdings, the merged company of UFC and WWE, will not be sold. Endeavor CEO Ari Emanuel stated that the evaluation is necessary due to the disparity between the company's public market value and the value of its underlying assets. TKO Group Holdings, with Emanuel as CEO, is expected to negotiate lucrative broadcast rights deals in the coming years. Endeavor previously sold off IMG Academy and may seek similar deals for other assets. The review process has no definitive timetable, and there is no guarantee of a sale.
Originally Published 2 years ago — by Deadline
Silver Lake, the largest shareholder of tech and media investor Endeavor, has announced plans to propose taking the company private. This comes after Endeavor CEO Ari Emanuel revealed that the company is evaluating strategic alternatives. Silver Lake, which owns 71% of the voting power of Endeavor, stated that it firmly believes in Endeavor's business and is not interested in selling its shares to a third party or entertaining bids for its assets. Going private would be a significant shift for Endeavor, which went public earlier this year. The company's stock has been underperforming, and the strategic review aims to maximize value for shareholders.
Originally Published 2 years ago — by Hollywood Reporter
Endeavor, the owner of WME, IMG, and a majority stake in TKO Group, is conducting a formal review to evaluate strategic alternatives for the company. While it is not considering a sale of its stake in TKO, which owns and operates the UFC and WWE, Endeavor believes that selling itself for parts or selling pieces of it could unlock more value for shareholders. The company's executives feel that the market has undervalued Endeavor compared to its assets and recent asset sales.
Originally Published 2 years ago — by CNBC
Endeavor Group Holdings, led by CEO Ari Emanuel, has announced that it will explore strategic alternatives for the company, including a potential sale, due to the significant gap between its public market value and the value of its underlying assets. The news caused the company's stock to surge more than 10% in after-hours trading. This move comes shortly after French billionaire Francois-Henry Pinault purchased a majority stake in Endeavor's rival, Creative Artists Agency, for $7 billion. Endeavor's market value currently stands at $7.79 billion, having declined 21% this year.
Originally Published 2 years ago — by Fox Business
Krispy Kreme is considering an all-cash purchase of Insomnia Cookies, a subsidiary in which it acquired a majority stake in 2018. Insomnia Cookies, which operates in three countries with over 250 bakeries, has generated 45% of its revenue digitally. Krispy Kreme expects revenues of approximately $230 million in fiscal year 2023. Meanwhile, Krispy Kreme CEO Mike Tattersfield is stepping down in January, to be succeeded by Josh Charlesworth.
Originally Published 2 years ago — by CNBC
Krispy Kreme is considering selling its majority stake in Insomnia Cookies as it aims to focus more on its core donut business. The decision comes after Krispy Kreme acquired control of Insomnia Cookies in 2018 to enhance its e-commerce and digital capabilities. Insomnia Cookies, known for serving cookies late into the night, has seen significant revenue growth and expansion since then. Krispy Kreme went public again in 2021, and the potential sale of Insomnia Cookies is seen as the next strategic step for both companies.
Originally Published 2 years ago — by Reuters
Catalent Inc is reportedly close to reaching a settlement with activist investor Elliott Investment Management, which may include adding new directors and exploring strategic alternatives such as a sale of the company. The contract drugmaker, valued at roughly $8 billion, has been the subject of takeover interest and has faced various challenges, including productivity issues and quality control lapses. The settlement deal would allow Elliott to influence Catalent's strategy as its stock price has declined significantly in the past year. Catalent is also the main manufacturing partner for Novo Nordisk's weight-loss drug Wegovy, and the settlement could impact their relationship.
Originally Published 2 years ago — by Reuters
Brazilian cosmetics maker Natura &Co is considering the sale of its subsidiary, The Body Shop, as part of its efforts to improve profitability. The company's board of directors has authorized the search for "strategic alternatives," including a potential sale of the business. Natura recently sold its luxury brand Aesop to L'Oreal and has been focusing on discipline and deleveraging to bring back profitability. Analysts believe that a sale of The Body Shop could positively impact Natura's bottom line in the future.
Originally Published 2 years ago — by Reuters
Private equity firm Veritas Capital has made a takeover offer to acquire Canadian software company BlackBerry, which has seen a 17% increase in its U.S-listed shares. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of the offer have not been disclosed, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices.
Originally Published 2 years ago — by Yahoo Finance
Private equity firm Veritas Capital has made a takeover offer for Canadian software company BlackBerry, causing the company's U.S-listed shares to rise by about 17%. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of Veritas' offer are currently unknown, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices. In May, the company announced the sale of these patents to Malikie Innovations Limited for up to $900 million after a previous deal fell through.