exit

Morgan Stanley

Morgan Stanley divests physical oil trading operations to Rosneft

Wall Street lender Morgan Stanley has divested a major portion of its worldwide physical oil trading business to Rosneft, Russia's state-run oil company, Reuters reported.

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George Little Management (GLM)

Global private equity firm Providence Equity Partners to exit trade show company George Little Management to Emerald Expositions Inc for $335 million

Global private equity firm Providence Equity Partners will be exiting trade show company George Little Management to trade show operator Emerald Expositions Inc for $335 million.

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AT&T Inc.

AT&T plans to divest its wireline assets in Connecticut for $2B to Frontier

On Tuesday, AT&T agreed to sell its wireline assets in Connecticut to Frontier Communications for $2 billion in cash in order to fund the US phone company's ongoing massive network upgrades.

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JPMorgan Chase & Co

JPMorgan Chase & Co said to exit global investment unit- source

A person familiar with the matter told Bloomberg that JPMorgan Chase & Co plans to divest its global investment unit based in Hong Kong so it can simplify its operations.

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Citigroup Inc

Citigroup Inc sells private equity unit to abide by Volcker Rule

To follow the requirements of the Volcker Rule, Citigroup Inc sold private equity unit Metalmark Capital, Bloomberg reported. The terms of the deal were not disclosed.

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Woodside Petroleum

Report says Royal Dutch Shell's sale of Woodside Petroleum may pave way for Asian buyers

Royal Dutch Shell's exit of its stake in Australia-based Woodside Petroleum Ltd may enable Asian buyers, particularly China, to get a stake of or even acquire the whole company, Bloomberg reported.

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FMC Corporation

FMC Corp says it will sell Peroxygens business to One Equity Partners

Chemical firm FMC Corp inked a deal to sell its Peroxygens business to the private investment unit of JPMorgan Chase & Co, One Equity Partners, for a price tag of $200 million.

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American Capital

American Capital exits DelStar to SWM International for $97M

Maryland-based private equity firm American Capital divested DelStar Inc, together with subsidiary DelStar Technologies Inc to SWM for $97 million. The buyer is SWM International.

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BlackBerry Ltd

BlackBerry extends option deadline of its $1 billion convertible debt offering

BlackBerry Ltd released a brief statement late Thursday that it has extended its deadline for debtholders who would like to purchase additional shares to January 13 next year.

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Jones Group Inc.

Sycamore to announce $1.2 billion Jones Group acquisition by next week - sources

According to one of the two sources who were knowledgeable of the process, private-equity firm Sycamore Partners might announce its $1.2 billion acquisition of Jones Group Inc as early as next week.

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Simon Property Group

Simon Property Group spins strip center unit to a REIT

US operator of shopping malls Simon Property Group announced its proposed spin-off of its cluster portfolio of its strip centers and malls as a REIT on Friday.

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BASF SE

BASF SE agrees on sale of North Sea assets to MOL Hungarian Oil & Gas for $375 million

According to Bloomberg, chemical firm BASF said it will be selling some North Sea oil and gas assets to MOL Hungarian Oil & Gas in a deal worth $375 million.

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Peugeot

GM exit Peugeot, finds Dongfeng as new potential partner in tie-up talks

As General Motors Co disposes its 7% shareholder interest in France's PSA Peugeot Citroen, the latter said it is currently in talks with Dongfeng about a potential tie-up.

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Via Varejo

Klein family finds exit on Via Varejo's $1.2 billion stock sale

After a disagreement on the valuation of the home retailer they founded, the Klein family was able to find an exit on Via Varejo after its $1.2 billion stock sale, Bloomberg reported.

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JC Penney

JC Penney trims high-profile brands in favor of its own labels

JC Penney Co Inc CEO Mike Ullman told Reuters exclusively that the company is planning to dispose and trim some of its top name brands like Joe Fresh clothes and its own jcp menswear in order to focus on brands that generate more sales for the company.

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