GE to distribute 8.7 billion shares to its to shareholders on February 14. General Electric Co expects to close the merger of its transportation business with Wabtec Corp on Feb. 25. It will then set date for the distribution of… Read More ›
divest
Cost benefit analysis to strengthen Italy’s hand for a high-speed link between France-Italy
Given the political dynamics in Italy, the commission’s CBA could prove useful in deciding whether to complete the high-speed rail link between the two EU nations. On Monday, in an interview with Itlian news daily Il Corriere della Sera, Massimo… Read More ›
ABB to sell its Power Grids business to Hitachi
ABB will sell only 80.1% of its stake in the business following which it will revamp its business structure. Zurich-based ABB has reached a deal to sell its Power Grids business to Japan’s Hitachi for an undisclosed amount. In a… Read More ›
China Development Bank Financial Leasing Co to finance purchase of 8 Airbus aircraft
China Development Bank Financial Leasing Co is the leasing arm of China Development Bank (CDB), HNA’s largest creditor. In a corporate filing, China Development Bank Financial Leasing Co, the aviation leasing arm of China Development Bank stated, it will finance… Read More ›
GE in talks to divest its commercial lighting business to American Industrial Partners
Under CEO Larry Culp the conglomerate is continuing to divest assets from its businesses other than those from its core areas of renewable energy, jet engines and power plants. General Electric is in talks with American Industrial Partners, a private… Read More ›
Swiss pharmaceutical giant Novartis to divest its Alcon eye care devices business
The move is aimed at sharpening it focus on its prescription drugs business. On Friday, Novartis disclosed its plans of divesting all of its assets from its Alcon eye care devices business as it sharpens its focus on prescription drugs…. Read More ›
Autoliv’s CEO to head its electronics business after spin-off
Autoliv plans on spinning-off Veoneer – its electronics business, which focuses on driver assistance software, radar products and vision systems. On Thursday, Autoliv, the world’s biggest maker of airbags and seat belts, stated that Jan Carlson, its chief executive, would… Read More ›
Jeff Fettig to replace Andrew Liveris as DowDuPont’s executive chairman
The change in leadership comes at a time when the U.S. chemicals producer is in the process of breaking up its units into 3 distinct businesses. On Monday, the Wall Street Journal reported, Andrew Liveris, U.S. chemicals producer DowDuPont Inc’s… Read More ›
General Electric agrees to sell part of its lighting business for an undisclosed sum
The part sale of GE’s lighting business, which can be traced back to Thomas Edison who co-founded the company more than a century ago, is just the first of many steps to shred-off its non-core assets and focus on just… Read More ›
Tronc Inc to sell Los Angeles Times to Patrick Soon-Shiong
With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… Read More ›
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