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Stock Market & Financial Investment News

News Breaks
July 24, 2014
13:16 EDTPKG, IP, KS, RKTContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
News For IP;RKT;KS;PKG From The Last 14 Days
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May 21, 2015
19:26 EDTRKTMeadWestvaco, RockTenn see merger closing July 1
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May 20, 2015
16:41 EDTIPInternational Paper CEO says expects 2H will be stronger than 1H for the company
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May 19, 2015
07:15 EDTIPGoldman Sachs to hold a conference
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May 18, 2015
08:03 EDTRKTMeadWestvaco, RockTenn combined company name to be WestRock
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May 15, 2015
16:51 EDTKSGreenlight Capital gives quarterly update on stakes
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07:09 EDTKSHayman Capital gives quarterly update on stakes
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