Asset Sales

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares rose on Wednesday after the company completed the sale of a minority stake in its Chongqing joint venture, and investors continued to assess its recent quarterly results. AOSL Completes Chongqing Joint Venture Stake Sale Alpha and Omega...

The Wendy’s Company (NASDAQ:WEN) stock surged 14.05% in the pre-market trading session on Tuesday, following reports of renowned investor Nelson Peltz‘s Trian Fund Management is rallying support for a potential bid to privatize the fast-food chain. Trian has been in discussions with...

New On The Block Popular peanut butter and jelly brand J.M. Smucker (NYSE:SJM) hired Goldman Sachs to conduct a strategic review of its portfolio, sources told Axios Pro. As activist investor Elliott Investment Management ramped up pressure on Smucker, the company was reportedly weighing options...

Media mogul Barry Diller said he would "absolutely" buy CNN immediately if given the chance, arguing the network is at risk of decline without urgent changes. Speaking at The Wall Street Journal Future of Everything Festival on Tuesday, Diller said: “Absolutely, I would do it tonight and...

New On The Block Cigna CEO Brian Evanko stated that the insurer is exploring strategic options for eviCore, which manages medical claims and reviews prior authorization requests. Cigna also plans to stop selling health insurance plans to individuals starting in 2027, as the company “aims to...

Nokia Corporation (NYSE:NOK) stock is pulling back in premarket trading on Thursday after surging 10.27% to close higher on Wednesday. Inseego To Acquire Nokia’s FWA Business Inseego Corp. (NASDAQ:INSG) agreed Thursday to acquire Nokia’s Fixed Wireless Access (FWA) CPE business in a...

Lightspeed Commerce (NYSE:LSPD) shares were volatile on Wednesday. The company announced a strategic divestiture of its Upserve U.S. hospitality product line to Skyview Equity. This move aims to sharpen focus on its core growth engines in retail and hospitality, adding pressure as broader markets...

New On The Block Rayonier Advanced Materials Inc. (NYSE:RYAM) is in the formal process of exploring strategic alternatives to maximize shareholder value. The company has hired Morgan Stanley as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal counsel in the process....