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You are here: Home / Archives for divestiture

divestiture

KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

June 22, 2020 by Ted 2 Comments

Sonos soundbar and subwoofer

In a filing with the Securities and Exchange Commission on Thursday, KKR Stream Holdings LLC reported that it sold nearly 14 million shares of Sonos, Inc. stock (SONO:NASDAQ). The sale took place on Wednesday (June 17, 2020) and, according to their disclosure filed with the SEC, this sale takes them completely out of Sonos ownership, with zero shares remaining in its portfolio.

Learn more about KKR selling their Sonos stock…

[Read more…] about KKR Exits Sonos Investment, Divests Its Last 14M Shares for $180M

Filed Under: Financial, News Tagged With: divestiture, KKR, Sonos

Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

January 22, 2020 by Ted Leave a Comment

Melrose logo

Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to reports from Bloomberg News and the Financial Times. If they actually execute this sale, it will be a relatively early exit from their ownership of Nortek which they purchased in 2016 for $2.8 billion.

See why Melrose is ready to exit Nortek…

[Read more…] about Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, divestiture, Johnson Controls, Melrose Industries, Melrose PLC, Nortek, Nortek Inc., Nortek Security & Control, United Technologies Corp.

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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