Jonathan Bush is out as CEO, Athenahealth considers sale of the company

Jonathan Bush is out as CEO, Athenahealth considers sale of the company

Athenahealth said Wednesday it is considering strategic alternatives as its CEO Jonathan Bush steps down, effective immediately, as he faces allegations including that he attacked his then wife 13 years ago. Athenahealth, which sells a software platform to medical providers, is fighting a takeover offer for $160 a share from Paul Singer’s activist firm Elliott Management. Before Wednesday’s announcement, the stock was at $151 a share, about 6 percent below the offer price. The company…

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Wyndham Worldwide Completes Spin-off of Wyndham Hotels & Resorts; Becomes Wyndham Destinations

Wyndham Worldwide Completes Spin-off of Wyndham Hotels & Resorts; Becomes Wyndham Destinations

Wyndham Destinations, Inc. (NYSE: WYND), formerly known as Wyndham Worldwide Corporation, today announced that it has completed the spin-off of Wyndham Hotels & Resorts, Inc. (NYSE: WH) to become the world’s largest vacation ownership and exchange company. Wyndham Destinations now trades on the New York Stock Exchange under the new symbol “WYND.” Wyndham Destinations has a global presence in 110 countries at more than 220 vacation ownership resorts and 4,300 affiliated exchange properties. “Over the…

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Tyson to sell Sara Lee and three other non-protein brands

Tyson to sell Sara Lee and three other non-protein brands

Tyson Foods, the No. 1 U.S. meat processor, said on Friday it would sell Sara Lee Frozen Bakery and three other non-protein brands to private-equity firm Kohlberg & Co., as the company sharpens its focus on its core business. Tyson did not disclose the financial terms of the deal, which includes the sale of Chef Pierre, Bistro Collection and its breakfast brand Van’s. “We’re focused on expanding Tyson Foods’ leadership position in protein,” Sally Grimes,…

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