Key Takeaways ALL closed the sale of its Group Health business to Nationwide, making a roughly $500 million book gain. The move is part of ALL's $3.25 billion divestiture plan to exit Health and Benefits operations. ALL aims to boost focus on core operations like Property-Liability and Protection Services units.The Allstate Corporation (ALL) recently closed the sale of its Group Health business to Nationwide for a total consideration of $1.25 billion. ALL initially announced its intention to divest this b ...

DELAWARE, Ohio, July 01, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it has entered into a definitive agreement to divest its Containerboard business, including its CorrChoice sheet feeder network, in an all-cash transaction for $1.8 billion to Packaging Corporation of America. The transaction is expected to close by the end of Greif's fiscal year 2025, and is subject to customary closing conditions, including regula ...

Key Takeaways PAA is selling most of its Canadian NGL business to Keyera for about $3.75 billion. The deal boosts PAA's crude oil focus while reducing exposure to commodity volatility. PAA expects nearly $3 billion in net proceeds post-tax, aiding buybacks and strategic acquisitions.Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP) , (collectively, Plains) have entered into a definitive agreement to sell the majority of their Canadian Natural Gas Liquids (“NGL”) business to Keyera Cor ...

Key Takeaways SWK's Engineered Fastening segment fell 20.7% in Q1, hurt by auto market weakness and a business divestiture. Rising costs and expenses have been pressuring the company's margins and profitability. Long-term debt stands at $4.8B, while cash levels remain low and earnings estimates have been cut sharply.Stanley Black & Decker, Inc. (SWK) has failed to impress investors with its recent operational performance due to weakness across its businesses, high debt and operational expenses.Based in Ne ...

Key Takeaways HBAN is divesting its corporate trust and custody business to Argent Institutional Trust Company. The deal transfers client relationships, personnel, and infrastructure while preserving service continuity. Post-deal, AITC will continue providing trust services to HBAN's commercial banking clients.Shares of Huntington Bancshares (HBAN) gained 3.05% on Friday, following its decision to streamline operations by divesting the corporate trust and institutional custody business of its subsidiary, ...

PITTSBURGH, June 6, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that it has completed the sale of its business in Goshen, IN."This portfolio action is an important step toward improving our overall sales mix, reducing material cost volatility and focusing our resources on long-term strategic priorities that create greater value for all our stakeholders," said Kennametal President & CEO Sanjay Chowbey.Kennametal received $19 million from the transaction upon closing, resulting in an imma ...

Core Viewpoint - ESCO Technologies Inc. has entered into a definitive agreement to sell VACCO Industries to RBC Bearings Incorporated for expected gross cash proceeds of $310 million, aligning with its long-term strategy to focus on high-growth end-markets [1][2][3] Group 1: Transaction Details - The transaction is subject to customary regulatory approvals and is expected to yield a sizable book gain, with net proceeds planned for debt reduction related to a previous acquisition [2] - VACCO Industries has been part of ESCO since its formation in 1990 and is recognized as a key supplier of mission-critical solutions [3] Group 2: Strategic Implications - The divestiture supports ESCO's strategy to concentrate on core high-growth markets, enhancing its portfolio focus [3] - The CEO of ESCO expressed confidence in the future of VACCO under RBC Bearings, indicating a positive outlook for the company post-transaction [3] Group 3: Company Overview - ESCO Technologies is a global provider of engineered products and solutions across diverse end-markets, including aviation, Navy, space, and industrial sectors [4] - The company specializes in manufacturing filtration and fluid control products, advanced composites, and power management solutions, and is a leader in RF test and measurement products [4]

American Strategic Investment (NYC) Q1 2025 Earnings Call May 09, 2025 11:00 AM ET Company Participants Curtis Parker - Senior Vice PresidentNicholas Schorsch - CEOMichael LeSanto - CFO, Principal Accounting Officer and Principal Financial Officer & Treasurer Operator Good morning, and welcome to the American Strategic Investment Company's First Quarter Earnings Call. At this time, all participants are in a listen only I would now like to turn the conference over to Curtis Parker, Senior Vice President. Ple ...

First Quarter Financial Highlights: Total revenues decreased $18.6 million year over year to $423.0 millionConstruction Equipment and Material Handling revenues of $245.8 million and $157.9 million, respectivelyProduct support revenues increased modestly year over year to $138.1 million for the quarterService gross profit percentage increased 230 basis points year over year to 60.1%Selling, general and administrative expenses reduced by $7.9 million year over yearNet loss available to common stockholders of ...

Google should be forced to sell off two separate digital advertising businesses, the Justice Department argued in a court filing after a federal judge ruled last month that the Big Tech giant operates an illegal monopoly over the technology.The feds said Google should be required “as soon as possible” to sell Ad Exchange, or AdX, its in-house ad marketplace that connects advertisers to publishers, according to a filing late Monday in Virginia federal court.Google, led by CEO Sundar Pichai, should also be or ...