Deal Breaking: Honeywell, Textron, Soho House Make Acquisitions – Deere (NYSE:DE), Chevron (NYSE:CVX)

new neighborhood

Honeywell Medal of Honor Back again with big plans and boardroom brainstorming. This time, the Charlotte, N.C.-based company is considering spinning off its aerospace business separately. Most recently, Honeywell announced plans to spin off its advanced materials business into an independent public company by the end of 2025 or early 2026. Industrial Products Company.

Textron Corporation txt has decided it is time to discontinue its Powersports product line, which is part of Textron’s Specialty Vehicles business in the industrial segment. This division manufactures snowmobiles and off-road vehicles under the “Arctic Cat” brand. Deere & Company virtue There is rumored interest in acquiring it. Textron expects to complete the restructuring in the first half of the new year.

local, A Latin American payments provider with a market value of about $3.6 billion is up for auction. The Montevideo, Uruguay-based company hired Morgan Stanley to evaluate takeover offers from suitors. Private equity firm General Atlantic is DLocal’s largest shareholder.

Updates from the block

European Commission unconditionally approves NVIDIA Corporation NVDA get Operation: ai Labs Ltdis a GPU orchestration software provider based in Israel. The decision under the EU Merger Regulation concluded that the acquisition did not raise competition concerns within the European Economic Area. Nvidia’s goal is to integrate Run:ai’s software into its ecosystem. Run:ai specializes in software that helps organizations optimize and manage artificial intelligence computing workloads across a variety of environments, including on-premises and cloud platforms.

soho housebillionaire chairman Ron Burkle Wants to remove private members clubs from the U.S. stock market. Burkle and his team of investors abandoned a flashy $1.8 billion takeover bid, offering $9 a share, an 83% premium to the closing price on Wednesday, December 18. city. Just a few months ago, it turned down an offer from a mysterious suitor.

See also: TK

stay off the block

Chevron Corporation CVX and Woodside Energy Group Ltd. wireless data transmission system An asset swap agreement was finalized on Wednesday. As part of the agreement, Woodside will transfer its 13% non-operated interest in the Wheatstone project and its 65% operating interest in the Julimar-Brunello project in Western Australia. In return, Woodside will acquire Chevron’s 16.67% stake in the Northwest Shelf Project and the NWS Petroleum Project, as well as a 20% interest in the Angel Carbon Capture and Storage Project. In addition, Chevron will pay Woodside up to $400 million in cash. This includes $300 million to be paid upon completion and up to $100 million in emergency payments related to the handover and subsequent production performance of the Julimar Phase 3 project.

bankruptcy blockade

furniture and retailers dadi companyThe Chapter 11 bankruptcy filing in September and the impending store closures could benefit competitors ollie’s discount stores holding inc. OllieJP Morgan Analyst Matthew R. Boss explain. On September 9, Big Lot filed for Chapter 11 of the U.S. Bankruptcy Code and announced the subsequent sale of its assets to Nexus Capital Management LP. The company’s shares were subsequently delisted from the New York Stock Exchange. Its third-quarter financial report showed the company is facing declining sales, shrinking profit margins and continued cash hemorrhage. On Dec. 19, the Columbus, Ohio-based company said its sale to Nexus Capital failed, noting that it “continues to work toward consummating an alternative going concern transaction with Nexus or another party.” CEO Bruce Thorne Announced going out of business for sale.

Fortis Announced that its Chapter 11 bankruptcy reorganization plan will take effect on January 3, 2025. Kraken and BitGo. The first round of allocations is expected to take place within 60 days of the program’s entry into force. The initial allocation will cover holders of permitted claims in the facility category, while the schedule for other claim categories will be announced later.

neighborhood notes

Benzinga recently interviewed Tony Roma CEO mohemina (Mina) Hack Covering a variety of topics, including financing plans for restaurant chains:

BZ: What does the global stage look like?

There is a lot of interest globally. We have offices in Dubai and Berlin as well as Kuala Lumpur, Malaysia and Perth, Australia. There is a lot of brand awareness. In the United States, unit sizes have shrunk as Generation Z and Millennials have grown up. So we’re trying to build a bridge between the people who miss Tony Rome and the people who haven’t experienced it yet. There are challenges, including supply chain and ensuring franchise partners maintain our intellectual property rights.

BZ: Are mergers and acquisitions still possible?

This is a possibility. We are interested in parties that can help us expand our global and national footprint. So whether it’s a venture capital or private equity firm, this is still possible. For anyone who is interested and wants to see the company grow explosively, we are looking for partners with the ability to inject significant capital.

Second: What size do you think you will invest?

If I had to estimate, probably between $10 million and $20 million

For the full Q&A, click here.

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