Corporate restructuring
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Leggett & Platt: Restructuring Progress (NYSE:LEG)
Seeking Alpha· 2025-11-25 23:54
If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!In April, I concluded that Leggett & Platt, Incorporated ( LEG ) was restructuring and selling the business, as I wondered if it was enough. The company was suffering from declining competitivenes ...
Molson Coors Beverage Company Announces Regular Quarterly Dividend
Businesswire· 2025-11-20 23:13
Nov 20, 2025 6:13 PM Eastern Standard Time Molson Coors Beverage Company Announces Regular Quarterly Dividend Share GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--The Board of Directors of Molson Coors Beverage Company (NYSE: TAP, TAP.A) today declared a regular quarterly dividend on its Class A and Class B common stock of US$0.47 per share, payable December 19, 2025, to stockholders of record on December 5, 2025. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors B ...
Verizon cutting more than 13,000 jobs as it restructures
Reuters· 2025-11-20 12:48
Core Insights - Verizon is implementing its largest single layoff by cutting more than 13,000 jobs as part of its strategy to reduce costs and restructure operations [1] Company Summary - The job cuts are a significant move for Verizon, indicating a shift in its operational strategy aimed at improving financial performance [1] - This decision reflects broader trends in the telecommunications industry, where companies are increasingly focusing on cost management and efficiency [1]
TILT Holdings Gives Notice of Meeting of Junior Secured Noteholders
Globenewswire· 2025-11-19 22:15
Core Points - TILT Holdings Inc. announced that the Supreme Court of British Columbia granted an order for a meeting of noteholders to vote on a proposed Plan of Arrangement on December 1, 2025 [1] - If the Plan is approved by the required majority, TILT intends to seek court sanctioning of the Plan on December 5, 2025 [1] Company Overview - TILT Holdings Inc. is a global provider of cannabis business solutions, including inhalation technologies, cultivation, manufacturing, processing, brand development, and retail [2] - The company operates a diverse portfolio, including Jupiter Research LLC, which focuses on vaporization technology and recently received EU medical device certification for a handheld liquid inhalation device [2] - TILT also operates Commonwealth Alternative Care, Inc. in Massachusetts and Standard Farms Ohio, LLC in Ohio, and holds a permit for Standard Farms LLC in Pennsylvania [2] Future Plans - The company is focused on restructuring and optimizing its business strategy, including potential reductions in corporate overhead and headcount [3][4] - TILT aims to strengthen its balance sheet and enhance shareholder value through its ongoing business optimization strategy [3][4]
Barrick's Breakup Rumors, North America Versus The World - Barrick Mining (NYSE:B)
Benzinga· 2025-11-17 11:48
Barrick Mining Corporation (NYSE:B) , one of the world's largest gold producers, is allegedly weighing a potential breakup of the company. The split would create two companies — one centered on North America and another housing operations across Africa and Asia.Reuters first reported on the rumor, citing four people familiar with internal board discussion. The media outlet noted that neither a Barrick spokesperson nor interim CEO Mark Hill would comment. The latter said that the company does not respond to ...
Nissan to cut European office jobs under global restructuring plan
Yahoo Finance· 2025-11-17 10:18
Core Points - Nissan is implementing a global restructuring plan under CEO Ivan Espinosa, which includes job cuts at its European regional office in Montigny, France [1][2] - The restructuring will reduce Nissan's global output by approximately one-third to 2.5 million vehicles, close seven of its 17 plants, and cut its workforce by 15%, equating to around 20,000 jobs [2] - The company reported an 8% decline in European retail sales in the first half and has adjusted its full-year regional outlook down by 3% to 340,000 vehicles [5] Job Cuts and Restructuring Details - Nissan plans to eliminate 87 jobs in Montigny, with 64 of these positions already occupied at the time of the agreement with employee representatives [2][4] - The company is creating 34 new roles to support internal redeployment, which may lower the final number of redundancies [3] - The job cuts will be phased, starting with a voluntary separation program, and if necessary, compulsory redundancies may begin in early February [3] Employee Support and Financial Performance - Employees who move internally may receive a gross bonus of €5,000 ($5,810), while those leaving will get outplacement support and up to two years of redeployment leave based on age [4] - Nissan reported a net loss of Y221.9 billion ($1.4 billion) for the first half of FY25, compared to a profit of Y19.2 billion a year earlier, citing weak core auto performance and new US tariffs on Japanese goods [5] Asset Management Strategy - As part of a non-core asset disposal strategy, Nissan plans to sell its Yokohama headquarters and lease it back for 20 years, maintaining it as its head office [6]
Corporate Restructuring and Political Plays Dominate Financial Headlines
Stock Market News· 2025-11-04 20:08
IBM - IBM is undergoing a strategic realignment in Q4, involving workforce reductions that will impact a low single-digit percentage of its global employee base, which is approximately 270,000 [2][8] - The company is shifting its focus towards higher-growth areas such as software and services, aiming to streamline operations [2][8] - Despite the global workforce adjustments, IBM expects its overall U.S. employment figures to remain stable year-over-year [2][8] Pharmaceuticals - The Trump administration is negotiating with pharmaceutical companies Eli Lilly and Novo Nordisk to make weight-loss medications available for $149 per month through a new "TrumpRx" program [3][8] - The initiative may also include coverage for these drugs under Medicare and Medicaid, potentially increasing access for consumers [3][8] E-commerce - Amazon has reiterated its commitment to transparency for third-party applications that facilitate customer purchases, following concerns about unauthorized data usage [4][8] - The company aims to ensure that all applications on its platforms adhere to strict transparency and privacy standards [4][8] Geopolitical Developments - Iran has announced the release of two French detainees on bail, which is part of ongoing diplomatic efforts and discussions regarding potential prisoner swaps [5][8]
ABF reviews potential Primark split from food business
Yahoo Finance· 2025-11-04 14:44
Associated British Foods (ABF) is considering separating its Primark retail arm from its food operations following a strategic review aimed at maximising long-term value. The company stated: “Although no decision has been taken, the outcome of this review may lead to the board deciding to undertake a separation of the Primark and food businesses.” The review is being conducted with input from ABF's largest shareholder, Wittington Investments, which aims to retain a majority stake in both businesses. Mic ...
GENFIT announces intention to voluntarily delist American Depositary Shares from The Nasdaq Global Select Market
Globenewswire· 2025-10-30 20:00
Core Points - GENFIT has announced its intention to voluntarily delist its American Depositary Shares (ADSs) from the Nasdaq Stock Market, effective prior to the opening of trading on November 20, 2025 [1] - The company remains committed to its listing on Euronext Paris, which has been its primary trading market since April 2014 [2][3] Company Strategy - The decision to delist from Nasdaq is aimed at streamlining operations and focusing resources, enhancing operational efficiency in line with the current pipeline development stage [3][8] - GENFIT plans to file a Form 25 to initiate the removal of the ADS listing, which will be effective ten days after the filing [3] Financial and Operational Details - GENFIT's financial foundation is supported by the successful development and commercialization of elafibranor for Primary Biliary Cholangitis (PBC) [3] - The company intends to maintain high standards of corporate governance and transparency while complying with French and European financial market regulations [3] Information for ADS Holders - ADS holders will have until approximately February 6, 2026, to surrender their ADSs for the underlying ordinary shares, with applicable fees for cancellation and cable services [4][5] - After the delisting, the Depositary may sell the underlying ordinary shares, and ADS holders must surrender their securities to obtain payment of the sale proceeds [6][8] Company Overview - GENFIT is a biopharmaceutical company focused on rare and life-threatening liver diseases, with a history of over two decades in liver disease research and development [10][11] - The company has developed therapeutic assets targeting conditions such as Acute on-chronic Liver Failure (ACLF) and has a diagnostic franchise for detecting metabolic dysfunction-associated steatohepatitis [11][12]
Amazon to cut 14,000 jobs in major corporate restructuring (AMZN:NASDAQ)
Seeking Alpha· 2025-10-28 09:56
Core Insights - Amazon.com (NASDAQ:AMZN) plans to cut approximately 14,000 corporate jobs as part of a restructuring initiative aimed at streamlining operations and prioritizing key areas [6] Group 1: Job Cuts - The layoffs will impact various roles within Amazon's corporate workforce [6] - The restructuring is intended to enhance operational efficiency and focus on high-priority sectors [6]