#divestiture

VBG VGS "R2B" all being sold off to indirect.

Kraft Heinz is selling its coffee business as part of a strategic shift. The company is also undergoing layoffs at Cavana. Further details on the coffee business sale were not provided. The extent of the job reductions at Cavana remains undisclosed. These actions reflect ongoing changes within the food and beverage industry.

Tampa, Florida

https://www.clickorlando.com/video/news/2026/11/05/money-matters-kraft-heinz-to-sell-its-coffee-business-layoffs-at-cavana/

A sale of Conduent's tolling division to a Canadian company will result in 113 job losses at the E-ZPass customer service center. These layoffs are scheduled to occur in January 2027. The affected workers are employed at the Newark, New Jersey offices. This action follows Conduent's announcement of selling its tolling business for $70 million. The company stated that not all employees at the Newark location are impacted by these reductions.

Newark, New Jersey

https://www.nj.com/news/2026/11/70-million-sale-is-costing-more-than-100-nj-workers-their-jobs-at-e-zpass-service-center.html

Change of general manager.
More extreme job cuts.
Massive loss of customers

What is Hocks plan for ESG? Slimming it down to sell or just running it into the ground so it dies of un-natural causes?

Mattel is being sold to private equity firm and Fisher Price is being sold off. It's only going to get worse.

Interesting to see MPC cut St. Paul Park and Mandan loose.

And so continues the long grind of disposing of legacy TSO assets. One can only wonder how long the rest of them will be kept around.

Why does everyone keep bringing up XFS? Xerox sold that off to PEAC two years ago, and PEAC has managed to do nothing but run it into the ground. Why is the activist investor so hellbent on talking up an entity that doesn’t exist anymore?

Had a meeting earlier with T---H---Looks like they are selling the Montney asset early as the new year to “shift capital to other areas “

Some director at Suncor posted on LinkedIn they are hiring an engineer to prepare for the mgmt of Hibernia and Hebron. Does this mean operatorship will change hands? Or divestment?

Any news on the divestiture of non-core BUs? Is anyone buying SaaS in this market?

Do we really think it will actually be for sale? I’m just curious on why a media statement was necessary if they are just thinking about selling?

Apparently we are looking to sell off Afco:
https://seekingalpha.com/news/4657480-truist-plans-insurance-premium-financing-unit-sale-amid-efforts-to-unload-noncore-biz---report

GEN Restaurant Group is selling 47 of its U.S. Korean barbecue restaurants to Chubby Group. This deal will allow GEN to focus on its packaged food business for at-home preparation. The transaction will occur in four phases over 12 months. Chubby Group plans to relaunch the restaurants under new concepts. GEN will retain its brand name and three restaurants for internal purposes.

Cerritos, California

https://www.newsbreak.com/the-coconut-mama-317784482/4965905906674-california-based-korean-bbq-chain-plans-to-sell-47-restaurants

https://seekingalpha.com/news/4652683-att-to-sell-att-mexico-to-grupo-televisa-and-fintech-holdings-for-2b-in-cash?share_source=shared_news

Which asset is next for the chopping block?

Will the principles try to bundle and divest so they retire comfortably. CN Permian continue to outperform? Will Suriname be sold to Shell?

Wael is going to trade Woodcreek away for a satchel of magic beans that can grow wells

It all makes sense now. I can already hear the LT clapping.

Exxon? Kuwait? Lyondell? Private Equity?

Hearing no one wants every site and it might get parted out

BP is now a second follower and is in the process of divesting Nakika…share your insights on this asset? There are great people working on the platform yet this asset takes away from bp’s future state.

Will the team blend into new operator? Is there pi----g contests for who migrates and remains with bp?

1) Layoffs and restructuring
2) Send jobs to overseas and to contractors
3) closed the research lab
4) sold QP building
5) shutdown Norman wells
6) pushing to complete all major projects before 2027 end
........
Please continue if anything else needs to be added. I think all this is an indication of selling upstream asset. what's your thoughts on this?

The brand and the locations are starting to get nasty 🤮.
When does bp concentrate on what it does best…Host multiple meetings with no resolution…

Hearing Nike is in talk to sell Converse

I read there is high interest in BP's NS assets. I imagine that everyone wants to expedite the sale, especially the affected employees. It will be very beneficial to work for a company that values the assets and employees and considers them a core asset rather than small legacy asset. Alaska has thrived after BP's sale.

Oh boy wait until yall see. The rumors on here are true. Manager cutbacks at the store level to align with reseller ops. October announcement. Obviously they are preparing for a total divesting within a few years. No wonder executive
Leadership is all moving out of retail.

Just heard from a colleague, that some of the stores that were divested in the last year are underperforming from a contractual standpoint, specifically BeMobiles in the northeast (was called out specifically, apparently they haven’t been able to prove that they can scale with their business model) and that at the end of the year the 1 year contracts they signed on with are being looked at. Sounds like Cellular Sales and TCC are front runners to take over most locations in northeast.

All the major tailings projects and others are well are being pushed to be completed by mid 2027. Also, it's a lot of cost to move the control room to Edmonton due to fiber cost and they haven't even started it yet. This is very clear that the want to sell the asset.

Just wondering what's the plan once they sell the asset will the employees who moved to Edmonton be laid off? as the new company possibly CNRL or Suncor employees will handle the upstream asset.

Please provide insights if you have

Basically that’s it another round coming along with a reorg as “we now need to level set after the sale of network”

99 year leases on 1f to VZW.. frontier purchases. Selling dark fiber, how long before the wireless side is divested? Clearly they keep reducing non union employees numbers to make it a much more appealing sell and locking in the fiber leases secures revenue. The ducks are in a row

Layoffs will start 6am on Monday by email. Approx. 11,000 employees. No change in severance from last round. No garden leave- effective immediately. Retroactive WARN notices. Remember WARN also doesn’t apply to remote workers. A similar sized layoff in March. Nearly all teams are expected to solidify AI development processes even further. Teams will begin to transition to big picture small headcount silos. This will begin the shift and divestment from resources abroad to a smaller Oracle <90,000 employees by 2028

https://theenergyyear.com/news/shell-looks-to-offload-up-to-8-billion-of-us-business/

Check the local news

Guesses on how quick? Fire sale? It doesn’t fit either business Needs to be with a Gas explorer.

Rumor from IMAGE conference last week via Chevron personnel.

There was a post on the r/IBM Reddit page this morning that has since been removed by the executive team's flying monkeys. The post discussed 17 products being sold by IBM to Persistent and didn't go into further detail as the person who posted it was worried about being outed. Has anyone else heard this rumor?

What's next on the block?

Anyone know what this is about?
Since LinkedIn shows I worked at DFS I've received multiple junk mails with this request.

I'm looking to get in touch with you regarding Discover Financial Services. We have a family office that is looking at investing in Discover Financial Services's industry.

Are you available this week to discuss the opportunity?

So they’re selling the biller segment?