Published: June 5, 2023 at 4:12 a.m. ET By Joe Hoppe Mondi said Monday that it is pulling out of an agreement to sell Syktyvkar, its most significant facility in Russia, and two affiliated entities to Augment Investments, but that it remains committed to divesting the assets. The packaging and paper group said the decision … [Read more…]
Published: May 19, 2023 at 2:46 a.m. ET By Anthony O. Goriainoff Unbound Group said Friday that the board continued to seek additional funding to complete the company’s restructuring, and that it was mulling a full sale of the company, among other options. The parent company of a group selling brands for the over-55 age … [Read more…]
Published: May 17, 2023 at 4:33 a.m. ET By Joe Hoppe Shares in Purplebricks fell Wednesday after the company said it has conditionally agreed to sell substantially all of its business and assets to Strike for a nominal consideration of one pound ($1.25) and the assumption of its liabilities. Shares at 0830 GMT were down … [Read more…]