Sentences with phrase «divesting assets»

(Bloomberg)-- American International Group Inc., the insurer that's been divesting assets to narrow its focus, agreed to sell ski operations at Vermont's Stowe Mountain to Vail Resorts Inc...

By divesting their assets from fossil fuels, they are reducing the ability for big oil, coal and gas companies to develop new extraction projects, while citizens worldwide are rising to stop these projects in their communities,» said Yossi Cadan, Global Divestment Senior Campaigner at 350.org.

Primarily to address distressed balance sheets, media companies have been divesting assets.

The government will now move forward on divesting those assets.

As Valeant's problems got worse, leading to the ouster of its CEO and an aggressive turnaround plan that called for divesting assets to pay down debt, Addyi languished.

Hit hard by falling oil prices, Marathon resorted to divesting assets,

But taking share — a.k.a. growing the business — and divesting assets aren't necessarily aligned.

Divesting assets also leaves Barrick with less cash coming in on a recurring basis.

Activist investors wanted EMC to divest assets and appoint a new CEO.

Some major institutions may have to divest assets, and Canaccord with Genuity is a larger more profitable firm that could make acquisitions to grow our businesses.

The strategy was, of course, met with skepticism, and Lavalin found itself under pressure to divest the assets during a rough patch.

To save the company then, Chen needs to focus on this core viable business and quickly divest all assets not directly related to it.

They also divest assets to refine their portfolio.

Restructuring efforts to divest assets were met with strong support from investors, and favorable production data from some of its holdings showed that the company had plenty of good future prospects.

Ordering them to divest assets doesn't fare much better, he found.

They began urging institutional investors, including universities, to divest their assets from companies that did business with the regime.

They're increasingly requiring merging companies to divest assets to win approval for their deals.

We've reduced our costs and divested assets, but we can't stand by and watch our business continue to lose money.

Australian Competition and Consumer Commission chairman Rod Sims says he will not push supermarkets to divest assets despite a stern warning from former Woolworths executive Tony Leon that the retailer's liquor operations had become far too powerful and should be spilt in two.

We have the flexibility to phase our investment projects and a disciplined and rigorous approach to capital allocation that ensures we only invest in the highest returning opportunities in the most attractive sectors and divest assets that no longer fit with our strategy.»

And Wilbur Ross may not have properly divested his assets before becoming commerce secretary.

In a series of letters addressed to Dover's board of directors beginning in May 2007, Marathon articulated the concerns of Dover's shareholders: namely, the Company's weakened financial and operating position relative to its competitors and the resulting need to divest assets up to and potentially including the Company as a whole.

Yesterday's announcement is a big step forward, raising hopes that the Vatican itself will soon commit to divest its assets from fossil fuels.

What are the goals of this movement to get organizations, particularly universities, to divest their assets in fossil fuel companies?

As Bainbridge explains, a specific Tax Code provision allows judges to divest an asset causing a conflict of interest so as to hear the case and avoid paying capital gains so long as any gains are deposited into a Treasury security or an approved mutual fund.

Or, the court under certain circumstances may exercise jurisdiction over a third party who is in control of the divested asset.

The Stowe deal fits a pattern of AIG retaining financial ties to divested assets, while leaving some oversight to operators with more specialized management.

Under the terms of the merger agreement, if the combined company is required to divest assets or businesses for which revenues exceed $ 75 million up to a cap of $ 225 million in order to receive required regulatory approvals, the purchase price will be adjusted down on a pro-rata basis to a minimum purchase price of $ 45.50 per share of common stock.

Not exact matches

Loads of illiquid assets like real estate holdings are slowing efforts by Trump's cabinet officials to divest, limiting the scope of the work they can do in the meantime.

Mnuchin signed an ethics agreement in January saying that he would divest dozens of assets, most within 90 days of being confirmed by the Senate.

But having divested most of the family's fossil fuel assets in the late 1990s to set up private conglomerate Coril Holdings Ltd., Ron may not have been feeling the same pain as those in the audience.

Qalaa will divest a number of its non-core assets over the next five years and reinvest the money into the five key sectors it is now focusing on, says Ahmed Heikal, chairman and founder of Qalaa Holdings.

The company, which has been selling non-core assets, said it had divested the North American rights to the hereditary angioedema drug, Ruconest, to Netherlands - based Pharming Group NV in deal worth up to $ 165 million.

It divested its oilsands and conventional gas assets, and redeployed capital in earlier - stage resource plays.

These businesses, which represent approximately $ 278 million of the company's 2017 revenue, are part of the previously announced Conduent plan to divest up to $ 500 million in revenue in 2018 associated with non-core assets across the company.

For example, when U.S. health insurers Anthem and Aetna separately announced deals two years ago to acquire peers Cigna and Humana, they did not reveal which assets they would be willing to divest.

Boston - based GE is divesting about $ 20 billion in assets in an effort to reduce costs and boost profits as part of a three - year restructuring plan under...

Boston - based GE is divesting about $ 20 billion in assets as tries to reduce costs and boost profits as part of a three - year restructuring plan under...

Many government and private ethics watchdogs said he should have gone further, divesting himself of assets that could cause a conflict of interest.

Finally, the firm has been moving to divest itself of assets in places like Egypt and the Gulf of Mexico, to focus more on its onshore North American holdings.

Since then, though, NGL Energy has divested some of the same assets, which lowered its revenue more than 30 % in fiscal 2016, but boosted its sagging stock price.

The company will also consider divesting some nonstrategic assets, by which it said it could generate $ 1 billion or more in cash.

These businesses, which generate approximately $ 43 million in revenue are part of the announced Conduent plan to divest up to $ 500 million in revenue in 2018 associated with non-core assets across the company.

«I had to decide whether to invest in Tesla and basically divest of all my other assets to do that, going to the point of bankruptcy and so forth,» he says.

When an employee takes a government job that requires divesting of assets in order to prevent conflicts of interest — as the role of Treasury Secretary certainly would, and did for the current holder of that office, Steven Mnuchin — J.P. Morgan's policy fast - tracks the vesting of the employee's stock awards.

It is also considering divesting some of its non-core downtown Toronto assets, primarily office space, located on prime commercial land.

Note: 1Q 2017 figures do not include volumes associated with assets that have since been divested, including Appalachia and San Juan.

National Australia Bank's MLC - home to the country's largest retail superannuation fund and $ 199 billion in assets under management - officially joined the bulging list of financial services sector initial public offering candidates on Thursday morning, when NAB chief executive Andrew Thorburn flagged intentions to divest the business.

ConocoPhillips is the process of divesting $ 5 - 10 billion of assets, and Mulva said those efforts are ongoing along with other 2011 - 12 initiatives previously announced.

It said it was willing to offer the Commission significant remedies to ease any antitrust concerns and had already received indicative bids from several interested parties for assets that could be divested.