Novolex to buy Pactiv Evergreen for $6.7 billion; no word on impact to Canton mill site
The owner of the Canton paper mill is merging with another company, but it is unclear what impact the sale will have on the 187-acre mill site.According to a ne
Novolex to merge with Pactiv Evergreen in $6.7bn deal
Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal valued at $6.7bn.
Pactiv Evergreen's stock surges on Novolex buyout offer
Pactiv Evergreen's stock surged 20% on news of acquisition by Novolex, backed by Apollo Global Management, in a deal valued at $3.22 billion.
Apollo-Backed Novolex to Buy Pactiv Evergreen for $3.22 Billion
Novolex, a packaging company backed by Apollo Global Management, struck a deal to buy publicly traded Pactiv Evergreen for around $3.22 billion
Novolex, Pactiv Evergreen to merge in $6.7B deal
The transaction is expected to close in mid-2025, and Novolex CEO Stan Bikulege will lead the combined company.
Novolex buying Pactiv Evergreen in $6.7B deal
The move combines two companies with deep plastics portfolios, including bags, film, thermforms, plastic containers, cutlery, dinnerware and drinkware.
BofA moves to No Rating on Pactiv Evergreen after Novolex deal
BofA analyst George Staphos moves to No Rating on Pactiv given the stock is no longer trading on fundamentals following Apollo-owned Novolex
Apollo-owned Novolex to take packaging products maker Pactiv private in $6.7 billion deal
(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment.
Citigroup Downgrades Pactiv Evergreen (PTVE)
Fintel reports that on December 10, 2024, Citigroup downgraded their outlook for Pactiv Evergreen (NasdaqGS:PTVE) from Buy to Neutral. Analyst Price Forecast Suggests 14.66% Downside As of December 3,
Pactiv Evergreen downgraded to Neutral from Buy at Citi
Citi downgraded Pactiv Evergreen (PTVE) to Neutral from Buy with a price target of $18, up from $13. The firm sees limited upside to the shares
The Cincinnati Enquirer1d
Pactiv Evergreen sold for $6.7 billion; Prospective Canton mill buyer 'wants to close'
Pactiv Evergreen will "combine" with Novolex, the Charlotte-based company that bought the company in an all-cash ...
Pactiv Evergreen Inc. Is Being Investigated For Possible Securities Fraud And Affected Investors Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / December 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is ...
The Mountaineer3d
Pactiv to sell out; impact on Canton mill is uncertain
Haywood residents who took a chance on investing in Pactiv Evergreen when it went public in 2020 can cash out at a ...
Mill sewage deal ends in March: What's Canton's next move?
The town of Canton has less than four months to figure out how its wastewater will be treated as of April 1 of next year — and right now, it has no answers. The wastewater treatment plant in Canton, ...
Novolex and Pactiv Evergreen Inc. to Combine, Establishing a Leading Manufacturer in Food and Beverage Packaging
Pactiv Evergreen Shareholders to Receive $18.00 Per Share in CashComplementary products, focus on innovation and sustainability create partner of ...
Graeme Hart exits Pactiv Evergreen for US$2.5 billion
New Zealand’s richest man, Graeme Hart, has sold out of his majority-owned US packing firm Pactiv Evergreen for US$2.5 ...
Spirtas: Canton will have waste treatment -- if mill deal goes through
If Spirtas Worldwide and Two Banks, LLC (the corporation formed by Spirtas to purchase the Canton properties) is successful in its effort to purchase the Canton mill site owned by Pactiv Evergreen, ...
Pactiv Evergreen price target raised to $18 from $12 at Baird
Baird analyst Ghansham Panjabi raised the firm’s price target on Pactiv Evergreen (PTVE) to $18 from $12 and keeps a Neutral rating on the ...