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0 -0.000495376486129477 -0.00363276089828268 -0.00924702774108326 -0.00792602377807128 -0.00660501981505942 -0.00875165125495378 -0.009494715984148
Stock impact report

Greif Completes Sale of Timberlands Business [Yahoo! Finance]

Greif Inc. Class A (GEF) 
Last greif inc. class a earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
industrial packaging products and services, announced today that it has completed the previously announced sale of its timberlands business to Molpus Woodlands Group, on behalf of clients, for approximately $462 million after adjustments. “The closing of this sale reinforces the commitment of Greif to pursue the highest return on invested capital across our portfolio.” said Ole Rosgaard, President and CEO of Greif. “Combined with the recently completed sale of our containerboard business, these cash proceeds are expected to put our leverage ratio below 1.2x, strengthening our balance sheet and providing significant interest savings heading into fiscal 2026.” Perella Weinberg served as exclusive adviser to Greif during the transaction. About Greif, Inc. Founded in 1877, Greif is a global leader in performance packaging located in 40 countries. The company delivers trusted, innovative, and tailored solutions that support some of the world's most demanding and fastest-growing ind Show less Read more
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