Divestiture News

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) announced today several leadership roles as the company makes progress to separate its less-than-truckload (LTL) freight division. John A. Smith, chief operating officer, U.S. and Canada, of Federal Express, has been selected to serve as the president and CEO of FedEx Freight, and R. Brad Martin, vice chairman of the FedEx Corp. board of directors, has agreed to serve as chairman of the board of FedEx Freight. Both appointments will be ef...

BRUSSELS--(BUSINESS WIRE)--Regulatory News: Titan S.A. (Euronext Brussels, ATHEX and Euronext Paris, TITC) announces that following the receipt of all customary regulatory approvals, the transaction regarding the divestment of its 75% share in Adocim Cimento Beton Sanayi ve Ticaret A.S., as initially announced on 19 February 2025, has now been finalized. The Group will continue to operate cement grinding and supplementary cementitious assets in other parts of Türkiye. This divestment forms part...

TORONTO--(BUSINESS WIRE)--Hudson’s Bay Company ULC (“Hudson’s Bay” or the “Company”), as part of its ongoing restructuring under the Companies' Creditors Arrangement Act (“CCAA”), today announced that it has entered into a definitive agreement to sell its intellectual property portfolio, including the HBC Stripes and other brand assets, to Canadian Tire Corporation. “We are grateful that the HBC brand has found a home with another heritage retailer that encapsulates the uniquely authentic Canad...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Akoustis Technologies, Inc. (together with its wholly-owned subsidiaries Akoustis, Inc. and RFM Integrated Device Inc., “Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, today announced that the Company has successfully completed the sale of substantially all of its assets to Tune Holdings Corp. (“Tune Holdings”), a wholly owned subsidiary o...

HOUSTON--(BUSINESS WIRE)--Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business....

ASHBURN, Va.--(BUSINESS WIRE)--DXC Technology (NYSE: DXC) today reported results for the fourth quarter and full year fiscal 2025. “Our fourth quarter results represent continued progress toward our goal of achieving sustained, profitable revenue growth,” said DXC Technology President and CEO, Raul Fernandez. “For the second consecutive quarter, we reported bookings growth of more than 20% and book to bill ratios of greater than 1. While the macro backdrop remains uncertain, we're staying focus...

DALLAS--(BUSINESS WIRE)--CIM Group sells Turtle Creek Village mixed-use office and retail center in Dallas...

VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that its portfolio company, WonderFi Technologies Inc. (TSX:WNDR) (“WonderFi”), has entered into a definitive agreement (the "Arrangement Agreement") with Robinhood Markets, Inc. (NASDAQ: HOOD) ("Robinhood") and a wholly owned subsidiary of Robinhood ("Purchaser"). Pursuant to the Arrangement Agreement, the Purchaser will acquire all...

MANSFIELD, Texas--(BUSINESS WIRE)--AMS turned around and sold 3 distressed home health agencies in under 18 months, proving its value in tough, low-interest markets....

HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP), a leading provider of fabrics for bedding and upholstery fabrics for residential and commercial furniture, today announced the completion of the sale of its mattress fabric manufacturing facility in Quebec, Canada. The transaction occurred in the first week of the Company’s new fiscal year and marks the completion of the restructuring plan announced approximately one year ago. The purchase price for the facility was CA$8.6 million (USD...