N.C. Attorney General sues Pactiv Evergreen [Yahoo! Finance]
Pactiv Evergreen Inc. - Common stock (PTVE)
Company Research
Source: Yahoo! Finance
The lawsuit demands that Pactiv Evergreen repay $12 million to the state for breaching a 2014 grant agreement with the Department of Commerce. "Taxpayers in North Carolina invested in Pactiv Evergreen to bolster our state's economy," said Stein. "We held up our end of the bargain, and we cannot let Pactiv cut and run away with our state's money. My office has been working with Pactiv over the last year to address the company's obligations, but it has become clear that legal action was necessary to hold Pactiv accountable." The $12 million state grant was to offset the company's $62 million expense of converting two of its coal-fired boilers to natural gas to comply with environmental rules. The condition of the grant was to maintain a workforce of at least 800 through 2024. "We teach our children that when you make promises, you keep those promises," said Canton Mayor Zeb Smathers. "Pactiv Evergreen took $12 million from the state in exchange for a promise to keep the mill open
Show less
Read more
Impact Snapshot
Event Time:
PTVE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PTVE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PTVE alerts
High impacting Pactiv Evergreen Inc. - Common stock news events
Weekly update
A roundup of the hottest topics
PTVE
News
- Rigid Tray Market Set to Reach USD 14.3 Billion by 2034, Driven by Demand for Efficient and Sustainable Packaging Solutions | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Egg Tray Market size is set to grow by USD 3.29 billion from 2024-2028, increased production of eggs to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen: Heavy Restructuring Set To Drive Margin Growth [Seeking Alpha]Seeking Alpha
- Canton draws on state to fund budget's basic services [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen Inc. Successfully Reprices and Upsizes Term Loan [Yahoo! Finance]Yahoo! Finance
PTVE
Earnings
- 5/2/24 - Beat
PTVE
Sec Filings
- 6/25/24 - Form 4
- 6/7/24 - Form 8-K
- 6/6/24 - Form 4
- PTVE's page on the SEC website