#asset-sale

#asset-sale

Seeking financial stability, Averett University has sold its North Campus athletic facilities in an $18 million deal that will allow it to lease back the nearby 70-acre site, Cardinal News reported. The property is located about a 10-minute drive from Averett's main campus in Virginia. The site was purchased by local entities: the Danville Regional Foundation and the Danville-Pittsylvania Regional Industrial Facility Authority, which each own 50 percent of the property, according to Averett's announcement.

After fundraising and crowdsourcing money to buy her company back, Schinner said on LinkedIn that the company chose a higher bidder instead of her. The company that bears my name went to someone else with a higher bid, Schinner said in the post. While they may have deeper pockets, I may have deeper connections with the community. At the end of the day, I'd rather take that to my grave than a pile of money.

An MEG Energy Corp. shareholder vote on a proposed takeover by Cenovus Energy Inc. has been delayed another week. MEG board chair James McFarland twice paused a meeting Thursday to address a last-minute "regulatory inquiry" before adjourning it until Nov. 6. It's the latest twist in a bitter months-long takeover fight that pitted oilsands giant Cenovus against smaller rival bidder Strathcona Resources Ltd.

Fashion accessories chain Claire's is to sell all their 156 shops to WH Smith owner to investment firm Modella Capital. Administrator's have warned that the future of 145 remaining shops and around 1,000 staff's future remains uncertain. The majority of Claire's assets have been sold to Modella Capital including 1,000 workers across England and Ireland administrators at Interpath said.

BP's plan involves selling off its onshore wind business and other assets worth $20 billion to streamline operations after their unsuccessful attempt at transitioning to a net-zero energy company.