ABB to Sell Majority Stake in Power Grids Business to Hitachi

The divestment of ABB's Power Grids business will enable it to focus m.....»»

ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders......»»

ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to p.....»»

ABB Ltd. is nearing an agreement to sell about 80 percent of its power-grids unit to Hitachi Ltd. in a deal that would value the entire business at about $11 billion, according to people familiar with the matter......»»

Good morning, Cincinnati! Here are the five most important things you need to know to help start your busy business day: Bon Secours Mercy Health has struck a deal with a California private equity firm to sell a majority stake in Ensemble Healt.....»»

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International......»»

Walmart has agreed to sell an 80% stake in its Brazilian business to private equity firm Advent International. The retailer will take a non-cash writed down of about $4.5 billion on the deal......»»

General Electric Company (NYSE: GE) on Thursday announced two new business developments: the creation of a new Industrial Internet of Things (IIoT) software business and an agreement to sell a majority stake in its ServiceMax business. read more.....»»

ABB will sell 80.1 percent of its Power Grids division to Japan's Hitachi , the Swiss engineering group said on Monday, adding it would return net cash proceeds of $7.6-7.8 billion from the deal to shareholders......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Activist investor Starboard Value LP on Monday called on Dollar Tree Inc to explore a sale of its underperforming Family Dollar business and nominated directors to replace a majority of its board after revealing a stake in the company......»»

Activist investor Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of its board after taking an almost 2-percent stake in the company......»»

Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer......»»

Viacom Inc. is in talks to sell a majority stake in some of its China operations, according to a person familiar with the matter......»»

Shaddock National Holdings, which operates in 50 states, adds its first retail presence in the two-state region with its acquisition of a majority stake in an Overland Park-based company......»»

General Mil.....»»

Columbus retail giant L Brands' plan to sell a majority stake in Victoria's Secret is on the rocks. New York private equity firm Sycamore Partners has informed the company it wants to terminate the deal, L Brands announced Thursday. The private e.....»»

Expedia Group Inc. is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management Inc. after the widespread travel bans caused by the coronavirus pandemic ravaged the online-booking company’s business......»»

Expedia Group Inc. is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management Inc. after the widespread travel bans caused by the coronavirus pandemic ravaged the online-booking company’s business......»»

Associated Press Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil-market downturn, Bloomberg report.....»»