Valeant’s stock briefly surged above $23 to a 2017 high, late in the quarter, after the company completed the sale of its Dendreon subsidiary for US$819.9 million cash. But the shares have since fallen back, closing Friday at $19.15.
Companies also tend to experience exponentially better stock price growth when they make larger divestments. For example, those that divest 20% of their business fare far better in the market than those that divest just 5%. Investors …
Filings with the Securities and Exchange Commission revealed recent investment decisions made by Berkshire Hathaway, the investment group led by Warren Buffett. In addition to buying and selling stocks in its $85 billion U.S. stock
In this Dec. 9, 2015, file photo, the company names of Dow, left, and Dupont, right, appear above their trading posts on the floor of the New York Stock Exchange ... they’re willing to make more business divestments as a way to nudge …
STW is aiming to lower the ratio to 2x net debt-to-EBITDA and is targeting $7 million in annual cost savings as it looks to streamline its disparate businesses through consolidation and divestments. The stock has shed nearly 60% of its …
Sovereign wealth funds could sell nearly $404 billion of stocks in the course of this year if crude prices remain low, according to predictions by the Institute of Sovereign Wealth Funds. In a report cited by Bloomberg news agency, the …
PENN WEST PETROLEUM LTD. [stock pwt.to] is pleased to announce that it has closed ... Total production and reserves associated with the combined divestments was approximately 13,000 boe per day and 69 million boe of proved plus …
On Monday, GMR Infrastructure Ltd filed the draft prospectus to offer shares of its 100% subsidiary, GMR Energy ... along with several asset divestments through fiscal 2014 could help improve stock valuation. So far, the energy business’s …