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Samsung sells non-core assets, buys back shares
2014-11-26 10:48:00| Telecompaper Headlines
(Telecompaper) Samsung Group has agreed to sell stakes in its units Samsung Techwin and Samsung General Chemicals to Hanwha Group for KRW 1.9 trillion. The proceeds will be reinvested in its core activities. Techwin and General Chemicals are owned by six subsidiaries of Samsung, including Samsung Electronics. Samsung Electronics said its stakes in the Techwin and Chemicals companies are worth KRW 100 billion and KRW 661 billion. Samsung Electronics also announced it will buy back shares valued at KRW 2.19 trillion (USD 2 billion). According to a regulatory filing, Samsung Electronics will buy back 1.65 million common shares and 250,000 preferred shares on the open market by the end of February.
Tags: back
samsung
assets
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European Commission Approves Sale Of Rockwood's Titanium Dioxide And Four Other Non-Core Businesses To Huntsman
2014-09-15 09:35:42| chemicalonline Home Page
Rockwood Holdings, Inc. recently announced that the European Commission has approved the previously announced sale of its Titanium Dioxide Pigments and four other non-strategic businesses to Huntsman Corporation (NYSE:HUN), a global specialty chemical company, for an enterprise value of $1.275 billion, including the assumption of $225 million in pension obligations
Tags: to
sale
european
businesses
Magnolia Petroleum sells 24 smaller stakes in three US non-core wells
2014-09-01 01:00:00| Hydrocarbons Technology
Oil and gas production firm Magnolia Petroleum has sold 24 smaller stakes in non-core wells located in the US states of Alabama, Florida and Texas.
Perry Ellis to Exit Noncore, Low-Growth Brands
2014-08-25 17:44:33| Industrial Machines - Topix.net
Perry Ellis says it plans to exit low-growth brands and businesses. The company is undergoing a strategic review, and it's been trying to focus more on its Perry Ellis, Rafaella Sportswear and golf lifestyle businesses.
Perry Ellis to Exit Noncore, Low-Growth Brands
2014-08-25 17:16:06| Furniture - Topix.net
Perry Ellis says it plans to exit low-growth brands and businesses. The company is undergoing a strategic review, and it's been trying to focus more on its Perry Ellis, Rafaella Sportswear and golf lifestyle businesses.
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