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Stock Market & Financial Investment News

News Breaks
February 21, 2013
17:02 EDTWPPWausau Paper to close Minnesota Mill, cut 130 jobs, take $47M charge
Wausau Paper announced the closure of the company's technical specialty paper mill in Brainerd, Minnesota, to occur early in Q2. The closure will affect approximately 130 employees. Pre-tax closure charges are estimated to be $47M, with non-cash charges, primarily related to the write-down of long-lived assets, accounting for approximately $44M of the total. Q1, pre-tax closure charges of approximately $36M are expected with the remaining charges occurring over the balance of 2013. After considering income tax liabilities and the anticipated reduction in working capital, the cash impact of the closure is expected to be neutral on a cumulative basis.
News For WPP From The Last 14 Days
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December 15, 2014
16:01 EDTWPPWausau Paper terminates Shareholder Purchase Rights Plan
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December 10, 2014
07:40 EDTWPPBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.

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