Vantiva Announces Plan to Sell its Supply Chain Solutions Division to Funds Managed by Variant Equity [Yahoo! Finance]
Moelis & Company Class A (MC)
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Source: Yahoo! Finance
Vantiva has announced plans to sell its Supply Chain Solutions (SCS) division to Variant Equity, a private equity firm, for 40 million. The sale is subject to certain conditions and is expected to be completed in the coming weeks. Vantiva's CEO, Tim O'Loughlin, believes Variant is the best partner to support SCS's future growth, while Variant's Managing Partner, Farhaad Wadia, sees opportunities to unlock continued growth and capitalize on SCS's customer relationships and global infrastructure. The sale is part of Vantiva's strategy to focus on its core business and deliver cutting-edge solutions to customers in the video, broadband, and related technology spaces. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Vantiva Press Release Vantiva Announces Plan to Sell its Supply
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- Moelis & Company (NYSE: MC) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $86.00 price target on the stock, up previously from $71.00.MarketBeat
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