Clearwater Paper Announces the Closing of the Sale of its Tissue Business
Clearwater Paper Corporation (CLW)
Last clearwater paper corporation earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
ir.clearwaterpaper.com/investor-relations
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Source: Business Wire
Completion of the Sale Accelerates Transformation into a Premier Independent Supplier of Paperboard to North American Converters and Significantly Reduces the Company’s Net Debt SPOKANE, Wash.--(BUSINESS WIRE)--Clearwater Paper Corporation (NYSE: CLW) (“Clearwater Paper” or the “Company”), today announced the successful completion of the sale of its tissue business to Sofidel America Corp., a subsidiary of Sofidel S.p.A. (“Sofidel”), for $1.06 billion in cash, prior to customary purchase price adjustments. The transaction represents a significant step in the Company’s transformation into a premier independent supplier of paperboard packaging products to North American converters. Terms of the sale were first announced on July 22, 2024.“This is the next big step in transforming Clearwater into a premier independent paperboard packaging supplier in North America,” said Arsen Kitch, president and chief executive officer of Clearwater Paper. “While it’s the right business decision, it’
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News
- Clearwater Paper Co. (NYSE: CLW) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Clearwater Paper Co. (NYSE: CLW) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $37.00 price target on the stock.MarketBeat
- Clearwater Paper Corp (CLW) Q3 2024 Earnings Call Highlights: Strategic Moves Amid Market Challenges [Yahoo! Finance]Yahoo! Finance
- Clearwater Paper Reports Third Quarter 2024 Results; Board Approves New $100M Share Repurchase Authorization [Yahoo! Finance]Yahoo! Finance
- Clearwater Paper Reports Third Quarter 2024 Results; Board Approves New $100M Share Repurchase AuthorizationBusiness Wire
CLW
Sec Filings
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- 11/4/24 - Form 10-Q
- CLW's page on the SEC website