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Stock Market & Financial Investment News

News Breaks
February 4, 2014
07:35 EDTSEE, GRASealed Air completes settlement of W. R. Grace bankruptcy case
Sealed Air (SEE) announced it has completed the material remaining conditions of the previously disclosed settlement agreement with the committees appointed to represent asbestos claimants in the bankruptcy case of W. R. Grace (GRA). This agreement was approved by order of the U.S. Bankruptcy Court for the District of Delaware on June 27, 2005. Pursuant to the terms of the Settlement agreement, Cryovac, a wholly owned subsidiary of Sealed Air, fulfilled its obligation with payments to asbestos claims trusts in the aggregate amount of $930M cash and 18M shares of Sealed Air common stock. The company said, "We will no longer incur interest on the settlement, which amounted to $48M in 2013. Additionally, we anticipate meaningful cash tax benefits over the next several years that will provide cash that we can use to continue to add value to our business.
News For SEE;GRA From The Last 14 Days
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August 18, 2014
08:04 EDTSEESealed Air announces price increases in North America
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August 15, 2014
10:01 EDTGRAOn The Fly: Analyst Initiation Summary
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06:59 EDTGRAW.R. Grace initiated with a Buy at UBS
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August 14, 2014
17:46 EDTGRARelational Investors gives quarterly update on stakes
NEW STAKES: Whole Foods Market (WFM). INCREASED STAKES: Clean Harbors (CLH), Magnum Hunter Resources (MHR), Manitowoc (MTW), Esterline Technologies (ESL), and Yum! Brands (YUM). DECREASED STAKES: Bunge (BG), and Hologic (HOLX). LIQUIDATED STAKES: W.R. Grace & Co (GRA), and First American Financial (FAF).
August 11, 2014
06:54 EDTGRAJefferies to hold a conference
2014 Global Industrials Conference to be held in New York on August 11-14.

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