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Graham Packaging Company to be Acquired by Reynolds Group Holdings Limited
Friday, June 17, 2011 - 7:51am | 268Graham Packaging Company Inc. (NYSE: GRM) today announced the signing of a definitive merger agreement, and an amendment thereto, under which Graham Packaging will be acquired by Reynolds Group Holdings Limited in an all-cash transaction for $25.50 per share, or a total of approximately $4.5...
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Silgan Merger Agreement with Graham Packaging Has Been Terminated
Friday, June 17, 2011 - 7:47am | 95Silgan Holdings Inc. (Nasdaq: SLGN) announced today that its period to negotiate with Graham Packaging Company Inc. (NYSE: GRM) to make adjustments to its merger agreement has expired and the parties did not reach agreement. Graham Packaging Company Inc. has notified Silgan that its board of...
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Options Brief: Crown Holdings, Inc.
Wednesday, June 15, 2011 - 10:12am | 82Shares of Crown Holdings, Inc. (NYSE: CCK) are lower on the session by 0.63%, trading at $37.94. Overall put volume is now running at 3.21x the daily average, with 65% of all puts traded being purchases on the offer. 1,328 contracts have traded on the session so far. Crown Holdings, Inc. is...
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Owens-Illinois Falling over 8% after Slashing Q2 Guidance
Wednesday, June 15, 2011 - 8:35am | 105The management of Owens-Illinois, Inc. (NYSE: OI) intends to update the Company's second quarter business outlook today at the Deutsche Bank Global Industries and Basic Materials Conference. Entering the period, the Company anticipated second quarter results would be in line with the prior year,...
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OI Updates Outlook: Challenging Market Conditions in Asia Pacific and Higher Manufacturing Costs to Negatively Impact Second Quarter Results
Wednesday, June 15, 2011 - 7:02am | 197The management of Owens-Illinois, Inc. (NYSE: OI) intends to update the Company's second quarter business outlook today at the Deutsche Bank Global Industries and Basic Materials Conference. Entering the period, the Company anticipated second quarter results would be in line with the prior year,...
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Support Held - Harami Confirmed 06-14-2011
Tuesday, June 14, 2011 - 5:55pm | 948Cusick's Corner Support held. The Harami that formed on yesterday's close was confirmed and the market turned up. (You can get more info about the Harami pattern on the Educate Center > Stocks > Level 2 > Bullish Candlesticks.) Will the bullishness last? As I said earlier, shorts are getting...
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Calls Purchased on Crown Holdings, Inc.
Tuesday, June 14, 2011 - 10:09am | 123Shares of Crown Holdings, Inc. (NYSE: CCK) are higher on the session by 1.40%, currently trading at $38.50. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while...
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UPDATE: Reynolds Group Offers to Acquire Graham Packaging Company for $25 per Share
Tuesday, June 14, 2011 - 8:21am | 201Reynolds Group Holdings Limited today announced that it has negotiated definitive terms and conditions to acquire all of the outstanding shares of Graham Packaging Company Inc. (NYSE: GRM) for $25.00 per share in cash. Graham has announced that its board of directors, upon recommendation of its...
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Stocks to Watch for 6/14/11: Fresh 52-Week Highs and Lows
Tuesday, June 14, 2011 - 3:15am | 2234The following stocks hit new 52-week highs in Monday's trading session: 1) Greif (NYSE: GEF): Shares of Greif hit a 52-week high of $67.36 in Monday's trading session. The stock closed at $67.04. The year-to-date performance of Greif has been a gain of 9%. 2) Raptor Pharmaceutical (NASDAQ: RPTP...
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Silgan Holdings Down 4% On Heavy Volume
Monday, June 13, 2011 - 1:33pm | 107Silgan Holdings, Inc. (NASDAQ: SLGN) shares are down almost 5% today after the company was notified of an unsolicited bid for rival Graham Packaging (NYSE: GRM) for $1.64 billion. Silgan had previously bid $22.10 per share for Graham Packaging, but the competing offer was $25 per share, about 13%...
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UPDATE: KeyBanc Upgrades AptarGroup to Buy
Monday, June 13, 2011 - 8:03am | 163KeyBanc is out with its report today on AptarGroup (NYSE: ATR), upgrading ATR from Hold to Buy. In a note to clients, KeyBanc writes, "We are upgrading our rating on shares of ATR from HOLD to BUY as we believe organic growth will remain elevated over the next 2-3 years driven by: 1) the...
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Graham Packaging Company Receives Unsolicited Acquisition Proposal for $25 per Share
Monday, June 13, 2011 - 7:32am | 151Graham Packaging Company Inc. (NYSE: GRM) announced today that it has received an unsolicited proposal from a third party to acquire all of the shares of Graham Packaging for $25 per share in cash. The board of directors of Graham Packaging, upon the recommendation of its special committee, has...
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US Stock Futures Signal Lower Start On Wall Street
Wednesday, June 8, 2011 - 5:17am | 494US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 32 points to 12,040.00 and futures on the S&P 500 stock index fell 3.90...
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Earnings Scheduled For June 8
Wednesday, June 8, 2011 - 12:46am | 288Pall Corporation (NYSE: PLL) is projected to report its FQ3 EPS at $0.71 on revenue of $667.50 million. Cantel Medical Corp (NYSE: CMN) is expected to report its Q3 EPS at $0.31 on revenue of $76.17 million. Men's Wearhouse Inc (NYSE: MW) is estimated to report its Q1 EPS at $0.49 on revenue of...
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Top 4 Mid-Cap Stocks In The Packaging & Containers Industry With The Highest ROE
Wednesday, June 8, 2011 - 12:43am | 138Below are the top mid-cap packaging & containers stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Crown Holdings Inc (NYSE: CCK) is 110.91%. CCK's revenue for the same period is $8.05 billion. The trailing-twelve-month return on...