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Pohlads sell Marquette Financial for $182 million

2014-12-16 20:42:23| Auto Dealers - Topix.net

The deal would give Marquette Financial's owners, the Pohlad family, a 7 percent ownership stake in Kansas City-based UMB Financial . They'll have the second largest individual stake, behind only UMB Financial Corp. Chairman Mariner Kemper who controls voting in an 11.58 percent stake in the company.

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Belvédre group to sell assets, streamline portfolio in rescue plan

2014-12-16 11:58:00| Daily beverage news and comment - from just-drinks.com

Belvédre, the France-based wine and spirits group, is to offload its production assets in Poland and strip down its portfolio as part of a new strategic plan to turnaround falling sales.

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ADM To Sell Its Global Cocoa Business To Olam

2014-12-16 10:18:19| Agriculture - Topix.net

ADM TO SELL ITS GLOBAL COCOA BUSINESS TO OLAM Dec. 16, 2014 Source: Archer Daniels Midland news release Archer Daniels Midland Company today announced that it has reached an agreement to sell its global cocoa business to Olam International Limited for $1.3 billion, subject to customary adjustments. "We are continuing to actively manage our portfolio to create shareholder value by improving returns and dampening the volatility of our earnings," said ADM Chairman and CEO Patricia Woertz.

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Cascades to sell five Canadian plants to U.S. packaging company

2014-12-16 06:20:35| Paper - Topix.net

Cascades Inc. has reached an agreement for the sale of its North American boxboard manufacturing and converting assets to Graphic Packaging Holding Company for $44.9 million. Cascades' president and CEO Mario Plourde says the divestment is part of the company's commitment to focus on sectors in which it excels.

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UPDATE 1-Emerson to sell power transmission business to Regal Beloit

2014-12-16 06:05:00| Industrial Machines - Topix.net

Emerson Electric Co said it would sell its power transmission unit to Regal Beloit Corp, a maker of electric motors, for $1.44 billion as it streamlines its business. Regal Beloit was competing with ball bearings maker Timken Co, brake and clutch maker Altra Industrial Motion and private equity firms Warburg Pincus LLC and Onex Corp for the business.

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