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Since then, Premier has embarked on a string of asset sales.
DealBook » Hess to Sell Russian Subsidiary for $2.1 Billion | The Hess Corporation said on Monday that it would sell its Russian subsidiary, Samara-Nafta, to Lukoil for $2.1 billion as it continued a string of asset sales to focus its operations.
But it's likely to be only the first of a string of asset sales that Tribune will have to make to keep its creditors at bay.
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There is no dispute over the fact that the US government seized a string of assets controlled by BBH - including UBC and SAC - in the autumn of 1942 under the Trading with the Enemy act.
This time he described how he had used the last 18 months to scoop up a string of assets — a buying spree that culminated at the end of last year with the agreement to buy the Burlington Northern Santa Fe Railway, his biggest bet yet.
For A.I.G., meanwhile, the spin-off will draw a line under convoluted and protracted efforts to raise cash from A.I.A, which was put on the block — along with a string of other assets — after the U.S. insurance giant was rescued from the brink of collapse two years ago by a series of massive cash injections totaling more than $180 billion.
"We continue to believe Nexen offers investors significant option value to high-impact exploration while providing a string of legacy assets that will support the production profile over the intermediate to long term," wrote Byrne in a recent research report.
The QNB announcement is the latest in a string of Qatari acquisitions of assets from beleaguered Benelux banks.
Whatever the outcome, BAA is certain to be the latest in a string of high profile British assets to fall into foreign ownership, including ports operator P&O, Thames Water, gases group BOC, and Pilkington Glass.
Capula Investment Management posted a string of strong returns and steady asset growth, even during the depths of the crisis; assets at Capula have more than tripled since Goldman first invested in the firm, to about $13 billion today.
The discouraging news twinned with a shake-up at another bank, Wachovia, which ousted its chief executive, G. Kennedy Thompson, after a string of losses on mortgage-related assets.
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