RockTenn added to Franchise Pick List at Jefferies Jefferies added RockTenn (RKT) to its Franchise Pick List in place of Crown Holdings (CCK) and raised its price target for shares to $84 from $80. The firm notes RockTenn shares are now back to levels near when the MeadWestvaco (MWV) deal was announced. Jefferies sees a number of ways for RockTenn to unlock value and says investors are getting a "free call option" on the acquisition at current shares levels. It keeps a Buy rating on the name.
HealthPrize Technologies and MeadWestvaco form strategic alliance HealthPrize Technologies and MeadWestvaco announced a strategic collaboration to integrate their proven adherence solutions to provide an end-to-end program to pharmaceutical companies, pharmacy chains, and the patients they serve. MWV's innovative calendared medication packaging with its proven adherence benefits will feature a link to HealthPrize's Software-as-a-Service medication adherence and patient engagement platform.