All articles tagged with #strategic review
Originally Published 17 days ago — by BP Global
bp has agreed to sell a 65% stake in Castrol to Stonepeak for $10.1 billion, as part of its strategy to simplify its portfolio and strengthen its balance sheet, with the transaction expected to complete by the end of 2026 and proceeds used to reduce debt.
Originally Published 2 months ago — by Deadline
Warner Bros. Discovery is exploring strategic options, including a potential sale or split of the company, amid interest from multiple parties and plans to separate into two independent entities by mid-2026, aiming to maximize shareholder value.
Originally Published 2 months ago — by CNBC
Warner Bros. Discovery is considering a sale amid a strategic review, leading to an 8% rise in shares, while continuing its plan to split into two separate companies and exploring interest from multiple parties.
Originally Published 5 months ago — by Sinclair, Inc
Sinclair, Inc. has announced a comprehensive strategic review of its broadcast business, including potential acquisitions, partnerships, and a possible separation of its Ventures portfolio, aiming to unlock value and lead industry consolidation, while emphasizing its strong financial performance and operational excellence.
Originally Published 6 months ago — by Yahoo Finance
Kenvue's CEO Thibaut Mongon is leaving amid ongoing strategic review, with Kirk Perry serving as interim CEO. The company, formerly part of Johnson & Johnson, is exploring options to streamline its operations and portfolio, while also reporting preliminary fiscal second quarter earnings and preparing to revise its full-year outlook. Shares rose over 4% before market open.
Originally Published 6 months ago — by CNBC
Kenvue's CEO Thibaut Mongon has resigned amid a strategic review by the company, which is considering selling some of its brands and optimizing its operations to improve profitability, especially in its skin-health and beauty units. Kirk Perry has been appointed interim CEO as the company explores various options to enhance performance.
Originally Published 2 years ago — by CNN
Endeavor Group Holdings, led by CEO Ari Emanuel, is considering selling some of its assets as it undergoes a strategic review to maximize shareholder value. The sports and entertainment company, which owns IMG, Frieze, and WME, has seen its stock fall over 30% in the past six months. However, shares of Endeavor jumped over 11% in after-hours trading following the announcement. The review will not include the sale of its stake in TKO Group Holdings, the result of a merger between UFC and World Wrestling Entertainment.
Originally Published 2 years ago — by Yahoo Finance
The Board of Directors of Sigma Lithium and Sigma Brazil have received multiple strategic proposals for Sigma Brazil, Sigma Lithium Corporation, and the Grota do Cirilo Project. The companies have attracted interest from potential strategic partners in the energy, auto, batteries, and lithium refining industries. Sigma Brazil is the only global producer of Triple Zero Green Lithium, which is environmentally and socially responsibly sourced. The board is committed to maximizing value for shareholders and stakeholders and will make a decision based on a majority vote of the minority shareholders. The companies plan to adhere to the highest standards of governance and sustainability in selecting a strategic partner.
Originally Published 2 years ago — by Reuters
U.S. Steel has entered into confidentiality agreements with multiple third parties and is reviewing unsolicited proposals, ranging from partial acquisition to a complete buyout. The company's board and outside advisers will evaluate all options and make the review public to hear from interested parties. Cleveland-Cliffs, which made a $7.3 billion offer, has demanded information about all proposals received. U.S. Steel's shares rose 3.2% on Tuesday.
Originally Published 2 years ago — by Yahoo Finance
United States Steel Corp. has rejected a $7.25 billion takeover offer from rival Cleveland-Cliffs Inc. and will instead conduct a strategic review of its options. Cliffs' bid, which values US Steel at a 43% premium, was rejected as "unreasonable." The potential deal would have created one of the world's largest steelmakers and given Cliffs a dominant position in the US auto industry and ownership of domestic iron ore reserves. US Steel's strategic review is being advised by Barclays Capital and Goldman Sachs, while Cliffs is being advised by Moelis & Company, Wells Fargo, JPMorgan, and UBS.
Originally Published 2 years ago — by Reuters
Volkswagen has appointed Bentley production chief Peter Bosch to lead its software subsidiary Cariad, dismissing all but one of the unit's current executive board members as the automaker tries to get the troubled division on track. Bosch, a former Oliver Wyman consultant who spent nearly seven years at the Volkswagen brand before moving to Bentley in 2017, will also take over financial management at Cariad. The sweeping changes come as Volkswagen CEO Oliver Blume conducts a strategic review of every facet of the carmaker after taking over from former leader Herbert Diess last September, who set up Cariad but failed to put it on solid footing.
Originally Published 2 years ago — by Defense News
Australia's long-awaited Defence Strategic Review calls for fundamental changes to the structure of the Australian Defence Force to counter modern and emerging threats, but does so at the expense of capability acquisition and base infrastructure projects. The report also recommends a change in the military's Defence of Australia doctrine to one which will see a more integrated force able to respond to rapidly changing risks. The review addresses the need to harden Australia's air bases and secure fuel supplies against attack from Australia's north. The Royal Australian Navy's plan to acquire a nuclear-powered attack submarine under the AUKUS framework is also a lynchpin of the new Defence Strategic Review, as is the government's continuous naval shipbuilding strategy.
Originally Published 2 years ago — by Reuters
Shareholder advisory group ISS has advised HSBC investors to vote against a resolution by its biggest shareholder Ping An, calling on the bank to consider strategic options including a spinoff of its Asia business. ISS said the proposal by Ping An "lacks detailed rationale". The bank and the Chinese insurer have been arguing over the issue since last November. Shareholders will vote on proposals including the strategic review and whether the bank should be forced to boost dividends at the annual general meeting on May 5.