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June 9, 2014
08:36 EDTEVRYEveryWare Global announces intention to reopen Ohio operations
EveryWare Global announced its intention to reopen its Lancaster, Ohio manufacturing operations during the week of June 9. As previously disclosed, the company temporarily shut down its Lancaster, Ohio and Monaca, Pennsylvania facilities on May 15 as part of its efforts to conserve cash and reduce glassware inventory. The company partially reopened its Monaca plant on June 2. The company also announced that it would complete a reduction in force at its Lancaster, Ohio facility over the next few weeks and will seek additional ways to conserve cash and reduce expenses through continued cost cutting measures. The company said, "We will continue to operate with a lean staff to control costs and conserve cash. We are also exploring additional opportunities to reduce costs and improve profitability as we position EveryWare for long-term value creation."
News For EVRY From The Last 14 Days
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November 17, 2014
08:46 EDTEVRYClinton Group pushes for merger of EveryWare Global, CSS Industries
Clinton Group, which together with its affiliates and fundsowns a significant stake in EveryWare Global (EVRY), announced that it has sent a letter to the Board of Directors of CSS Industries(CSS). "A merger of the two companies makes a lot of sense for all stakeholders while at the same time delivering a premium valuation and enhanced liquidity to CSS Industries," said Joseph A. De Perio, Senior Portfolio Manager of the Clinton Group. Clinton Group said it believes such a business combination could be achieved at a CSS share price of up to $34.00.
November 13, 2014
07:43 EDTEVRYEveryWare Global reports Q3 EPS ($2.43), may not compare to one estimate (48c)
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