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Packaging Corporation of America latest news:
U.S. pipeline regulator to remain on site of spill until restart
U.S. pipeline regulatory officials will remain at the site of TransCanada Corp's Keystone crude oil pipeline spill in South Dakota until the line has been restarted, the agency said on Wednesday. Personnel will monitor the excavation and packaging of the damaged pipe section for testing, a spokesman for the Pipeline and Hazardous Materials Safety Administration said in an email.
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.
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.
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.
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