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Trading Day: Local SEC filings for 7.29.21 - Richmond BizSense


Trading Day: Local SEC filings for 7.29.21
Altria (MO)
The tobacco giant announced earlier this month its subsidiary UST LLC entered into a definitive agreement to sell Ste. Michelle Wine Estates to private equity firm Sycamore Partners Management for $1.2 billion in cash and assumption of certain Ste. Michelle liabilities. The deal is expected to close this year.
ASGN (ASGN)
The Innsbrook-based staffing firm posted its second quarter earnings, reporting net income of $64.2 million on $974.9 million in revenue, up 31 percent and 17 percent, respectively, from the same period last year. Click here for the full report.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank reported net income of $82.4 million for the second quarter, up from $30.7 million a year ago. Its total assets reached $19.98 billion. Click here for the full report. ....

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California wine brands Stag's Leap, Patz & Hall part of $1.2B Ste. Michelle Wine Estates portfolio deal

California wine brands Stag's Leap, Patz & Hall part of $1.2B Ste. Michelle Wine Estates portfolio deal
northbaybusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northbaybusinessjournal.com Daily Mail and Mail on Sunday newspapers.

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Altria Agrees to $1.2 Billion Sale of Ste. Michelle Wine Estates to Sycamore Partners


By Adriano Marchese
Altria Group Inc. said Friday that the company subsidiary UST LLC has agreed to sell its Ste. Michelle Wine Estates business to private-equity firm Sycamore Partners Management LP for around $1.2 billion.
The producer and marketer of tobacco, cigarettes and other related products said that as well as the purchase price, Sycamore will also assume certain Ste. Michelle liabilities.
We believe the transaction is an important step in Altria s value creation for shareholders and allows our management team greater focus on the pursuit of our vision to responsibly transition adult smokers to a non-combustible future, Chief Executive Officer Billy Gifford said. ....

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