Glatfelter To Sell Specialty Papers Business Unit [Reuters]
Glatfelter Corporation (GLT)
Last glatfelter corporation earnings: 2/6 07:02 am
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Source: Reuters
P H Glatfelter Co (GLT.N) Key Developments | Reuters.com Aug 21 (Reuters) - P H Glatfelter Co ::GLATFELTER ANNOUNCES DEFINITIVE AGREEMENT TO SELL SPECIALTY PAPERS BUSINESS UNIT, CONCLUDING REVIEW OF STRATEGIC ALTERNATIVES.AGREEMENT TO SELL ITS SPECIALTY PAPERS BUSINESS UNIT ON A CASH FREE AND DEBT FREE BASIS TO LINDSAY GOLDBERG.AGREEMENT TO SELL ITS SPECIALTY PAPERS BUSINESS UNIT FOR A TOTAL SALE PRICE OF $360 MILLION..SALE PRICE INCLUDES ABOUT $320 MILLION OF CASH PROCEEDS AND ASSUMPTION BY PURCHASER OF ABOUT $40 MILLION OF RETIREE HEALTHCARE LIABILITIES.PURCHASER TO ASSUME ABOUT $250 MILLION OF PENSION LIABILITIES RELATING TO SPBU EMPLOYEES.PURCHASER TO RECEIVE APPROXIMATELY $300 MILLION OF RELATED ASSETS FROM GLATFELTER'S EXISTING PENSION PLAN.PENSION LIABILITY REMAINING WITH CO TO CONTINUE TO BE SIGNIFICANTLY OVERFUNDED AND NO CASH CONTRIBUTIONS EXPECTED FOR FORESEEABLE FUTURE.P H GLATFELTER- NET CASH PROCEEDS TO BE USED TO PAY DOWN DEBT, TO FUND PREVIOUSLY ANNOUNCED ACQUISITION O
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- Citi Eyes $2 Billion Debt Package for Berry, Glatfelter Deal [BNN Bloomberg (Canada)]BNN Bloomberg
- Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry's Health, Hygiene, and Specialties Global Nonwovens and Films Business [Yahoo! Finance]Yahoo! Finance
- Glatfelter Announces Key Leadership Appointments in Connection With Proposed Merger With Berry’s Health, Hygiene, and Specialties Global Nonwovens and Films BusinessGlobeNewswire
- Glatfelter Corporation to Report Earnings on May 9thGlobeNewswire
- Glatfelter Corporation (NYSE:GLT) institutional owners may be pleased with recent gains after 40% loss over the past year [Yahoo! Finance]Yahoo! Finance
GLT
Sec Filings
- 4/17/24 - Form 425
- 4/11/24 - Form 425
- 4/11/24 - Form 425
- GLT's page on the SEC website