Stock

WestRock acquires Cenveo Packaging for $105m

WestRock acquires Cenveo Packaging for $105m

By Jenny Eagle

WestRock has acquired Cenveo Packaging for $105m, including six facilities in the US, Canada and Dominican Republic and strategic sourcing partnerships in Asia and the Caribbean for folded carton, shrink sleeve and lithographic laminated display packaging.

Premier Foods' plan to seek a financial partner for its bread business has divided City opinion

Premier Foods tight-lipped on bread sale

By Michael Stones

Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion.

PolyOne acquires Spartech for $246m

PolyOne’s deal for Spartech questioned

A number of US law firms are investigating PolyOne’s $246m takeover of Spartech Corporation after claims the board of Spartech failed to obtain the optimum value for the shares.

Shiner International approaches Nasdaq delisting

Shiner International approaches Nasdaq delisting

By Rod Addy

Packaging solutions firm Shiner International is edging closer to being delisted by the Nasdaq Stock Market, having received notice it will happen unless it lodges a request for an appeal hearing today.

Source: NASDAQ - Shiner stock price over the past 12 months

Shiner packaging faces NASDAQ delisting on stock price plunge

By Rory Harrington

Shiner International is facing delisting from the prestigious NASDAQ exchange if it fails to revive its ailing stock price which has plummeted in recent months and now sits below the minimum level demanded by the US trading body.

Ralcorp board approves Post cereals spin-off

Ralcorp board approves Post cereals spin-off

By Caroline Scott-Thomas

Ralcorp has outlined the shape of the company after it spins off its Post cereals business, four years after it bought the maker of Grape-Nuts, Raisin Bran and Honey Bunches of Oats from Kraft Foods for $1.65bn.

SureBeam faces action

SureBeam faces action

A class action has been filed in the US courts against food
irradiation provider SureBeam on behalf of purchasers who claim
that executive board members have been carrying out illegal stock
market trading.

Pechiney snubs Alcan offer

Pechiney snubs Alcan offer

Alcan has confirmed that its discussions with Pechiney on the terms
of a proposal for an increase in its offer for all of Pechiney's
securities have ended. But Alcan says it is still confident that a
deal will be eventually agreed.

Alcan expands into Asia

Alcan expands into Asia

Alcan has confirmed further details of the acquisition of shares in
the Flexible Packaging Division of Hydro Aluminium Deutschland,
which allow the company to expand into the European packaging
market.

Alcan downgraded

Alcan downgraded

Alcan, the Canada-based aluminium packaging provider, has said that
it is disappointed with the S&P decision to downgrade its
rating on the S&P 500 Index.

Rift over Smurfit offer

Rift over Smurfit offer

Irish investors have sharply criticised Jefferson Smurfit, the
Dublin-based paperboard and packaging company, for its willingness
to accept a €3.7 billion takeover bid from Madison Dearborn
Partners, the US private equity firm.