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Stock Market & Financial Investment News

News Breaks
February 26, 2013
06:05 EDTRKT, PKG, IP, KSRockTenn announced $50/ton price hike, says Deutsche Bank
Deutsche Bank said its contacts reported that RockTenn (RKT) announced a $50/ton price hike for containerboard with an April 1 implementation date. Deutsche expects other companies to issue price increases as well, but said it remains uncertain as to the success of the hike. The firm has a Buy rating on RockTenn. Other names in the containerboard space include International Paper (IP), Packaging Corp. (PKG) and KapStone (KS).
News For RKT;IP;PKG;KS From The Last 14 Days
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March 25, 2015
07:07 EDTIP, PKGInternational Paper, Packaging Corp. can create value, says Wells Fargo
After evaluating the current leverage and capital allocation options of International Paper (IP) and Packaging Corp (PKG), Wells Fargo thinks the companies can create meaningful value by pursuing acquisitions and, to a lesser extent, share repurchases. The firm keeps Outperform ratings on both names.
March 20, 2015
08:35 EDTRKTMeadWestvaco, RockTenn announce executive management team for combined company
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08:34 EDTRKTMeadWestvaco, RockTenn announce executive team for combined company
MeadWestvaco (MWV) and Rock-Tenn (RKT) announced the executive leadership team for the combined company following the completion of the transaction. As previously announced, Steve Voorhees will serve as the new company’s CEO and John Luke will be non-executive chairman of the board. The executive leadership team announced today includes: Nina Butler, chief sustainability officer; Ward Dickson, chief financial officer; Pete Durette, chief strategy officer; Jennifer Graham-Johnson, chief human resources officer; Linda Schreiner, chief integration officer. The transaction remains on track to close in Q2 and is subject to shareholder approvals of both MWV and RockTenn, certain regulatory approvals and other customary closing conditions.

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