Packaging Corporation of America stock price

Packaging Corporation of America latest news:


  • 11/10/2017 00:27:44

    REFILE-Blackstone buys China-based packager ShyaHsin in $800-900 mln deal -sources

    HONG KONG, Nov 10 (Reuters) - Global asset manager Blackstone Group LP has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters.

  • 11/10/2017 00:19:38

    Blackstone buys China-based packager ShyaHsin in $800-900 mln deal -sources

    Global asset manager Blackstone Group LP (BX) has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters. The deal will be Blackstone's first private equity investment in China since 2014, Thomson Reuters data showed.

  • 10/24/2017 05:09:10

    IP in $1.8 billion deal with Graphic Packaging

    International Paper Co. said Tuesday it has entered a transaction with Graphic Packaging under which it will transfer its North America consumer packaging business to the company in a deal valued at $1.8 billion. IP will receive $660 million of cash proceeds from a loan taken by Graphic Packaging that it will use to pay down debt. It will also receive a 20.5% stake in a Graphic Packaging unit valued at $1.14 billion that will hold the assets for the combined business. The deal is expected to close in early 2018. "Investing in Graphic Packaging gives IP the opportunity to benefit from a much stronger value-creation consumer packaging platform, while allowing us to remain focused on growing value in our core businesses," Chief Executive Mark Sutton said in a statement. IP shares were up 0.7% premarket, and have gained about 10% in 2017, while the S&P 500 has gained about 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/07/2017 14:04:32

    Amcor considering potential takeover of rival Bemis Co - Bbg

    Packaging company Amcor Ltd (AMCRF) is considering a takeover of rival Bemis Co (BMS), Bloomberg reported on Thursday, citing people familiar with the matter. Amcor (AMCRF) is working with advisers to explore a bid for Bemis, which has a market valuation of about $4.3 billion, the report said. Amcor (AMCRF) and Bemis were not immediately available to comment.

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