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Packaging Corporation of America stock price, PKG
Packaging Corporation of America stock chart:
Packaging Corporation of America close price: 102.32
Stock price forecast:
DOWN TO -0.07%
Total forecasts: 90
Reached: 0 (0.00%)
Total Win: 0.00 (0.00%)
Showing 1-10 of 573 items.
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Packaging Corporation of America latest news:
Multi-Color to acquire Constantia Labels division for about $1.3 billion
Multi-Color Corporation. said Monday it has signed an agreement to acquire the labels division of Constantia Flexibles for about $1.3 billion in cash and stock. The division is part of Constantia Flexibles GmbH, an Austrian provider of flexible packaging and labels. The combined annual revenue of the two businesses is about $1.6 billion, the companies said in a statement. The deal "brings together Constantia Labels' high performing Food and Beverage business with Multi-Color's strong Wine and Spirit, and Home and Personal Care platforms, and emerging global position in Healthcare," said the statement. Multi-Color is expecting the deal to be "meaningfully accretive" to per-share earnings in fiscal 2019, the first full year of combined results. It is expected to close in the third quarter of fiscal 2018. Multi-Color said it still expects June quarter core EPS of about 80 cents. Multi-Color shares were halted for the news premarket, but have gained 6% in 2017, while the S&P 500 has gained about 10%.
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.
Bemis to cut 300 jobs, close 2 facilities
Bemis Co. Inc. said it will cut 300 jobs as part of a restructuring plan aimed at saving about $55 million to $60 million a year. The job cuts will be made over the next three years. The job cuts represent about 5% of the global administrative workforce, and about 1.7% of the total workforce. The plastic packaging supplier said it will close two manufacturing facilities, with one closure beginning this year and the other in 2018. The employees of those facilities will be transferred to other locations. "During April, we began a review to align our U.S. manufacturing and administrative cost structures with the demands of our customer base to better position the Company in the current environment and for its long-term success," said Chief Executive William Austen. "Given the challenges in the Brazilian economic environment, we also expanded the scope of our review to include our entire global business." The stock, which was still inactive in premarket trade, has lost 1.8% year to date while the S&P 500 has gained 8.1%.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.
BHP names packaging guru MacKenzie as new chairman
SYDNEY/MELBOURNE (Reuters) - Mining giant BHP on Friday named successful packaging executive Ken MacKenzie as its next chairman, handing him the job of tackling calls to dump its oil business and overhaul the board.
BRIEF-Lupin Pharmaceuticals announces nationwide recall of MibelasTM 24 Fe tablets
Lupin Pharmaceuticals Inc: * Lupin pharmaceuticals inc. Announces a nationwide recall of MibelasTM 24 Fe tablets. * A confirmed market complaint indicated a packaging error. * Due to packaging error, oral contraceptive tablets taken out of sequence may place user at risk for contraceptive failure, unintended pregnancy.
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