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Displaying Articles 1 - 25 of 154
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West Fraser Timber to buy back up to $1 billion of its shares

The forestry company says it is conducting a "modified Dutch auction" with a tender price range of $85 to $98 per share.

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Sappi Europe to increase prices by no less than 10% for all graphics paper grades

Sappi Europe announces a price increase for all its woodfree coated, uncoated and mechanical coated paper grades by no less than 10% across all European markets.

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IP Announces Early Tender Results of Cash Tender Offer for Certain of its Outstanding Notes for an Aggregate Purchase Price of up to $700 million

International Paper Company announced the early tender results as of 5:00 p.m., New York City time, on June 18, 2021 (the "Early Tender Deadline") for its previously announced cash tender offer (the "Offer") for up to $700 million aggregate purchase price (excluding Accrued Interest (as defined below) and excluding fees and expenses related to the Offer) (the "Aggregate Maximum Amount") of its outstanding 4.400% Notes due 2047 (the "4.400% Notes"), 4.350% Notes due 2048 (the "4.350% Notes"), 4.80% Notes due 2044 (the "4.80% Notes") and 5.000% Notes due 2035 (the "5.000% Notes" and, together with the 4.400% Notes, the 4.350% Notes and the 4.80% Notes, the "Notes").

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Sonoco Enters into New $750 Million Revolving Credit Facility

Sonoco announced it has entered into a new five-year $750 million revolving credit facility (the "Credit Agreement") with a syndicate of banks. The Credit Agreement replaces an existing credit facility entered into on July 20, 2017, and reflects substantially the same terms and conditions.

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Sonoco Reduces Pension Obligation by Approximately $1.4 Billion with Purchase of Group Annuity Contracts and Distribution of Lump-Sum Payments

Sonoco, one of the largest diversified global packaging companies, today announced the purchase of group annuity contracts from Athene Holding Ltd., a leading financial services company specializing in retirement services, which transfers approximately $900 million of the Company's U.S. pension plan obligations to Athene's wholly owned subsidiaries, Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York. Athene is a leader within the pension risk transfer industry, partnering with plan sponsors and intermediaries on more than $18.5 billion of transactions to support over 300,000 annuitants as of March 31, 2021.

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Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Sonoco-Alcore S.a.r.l. announced that due to inflationary pressures it will raise prices on all recycled paperboard grades sold in the Company's EMEA regions. The increases will be proportionate and in direct response to the rapidly escalating cost base and will be effective for all shipments made on or after the 1st July 2021.

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SCA to hike kraftliner prices by € 50 per tonne

SCA increases prices on brown and white kraftliner by € 50 per tonne in Europe. The new prices are valid from August, 1, 2021.

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Sonoco Announces Price Hikes for Paperboard Tubes and Cores

Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after July 26, 2021.

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Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 15, 2021.

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Sappi Europe to increase prices for all Sublimation & Inkjet grades by 8-15%

Sappi Europe announces a price increase for Transjet, Basejet and Inkjet grades by 8-15 % valid for deliveries from 1 July 2021.

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Verso Corporation Announces Preliminary Results of Modified Dutch Auction Tender Offer

Verso Corporation announced the preliminary results of its "modified Dutch auction" tender offer for the purchase for cash of shares of its Class A common stock, par value $0.01 per share (the "Shares"), having an aggregate purchase price of not more than $55.0 million, which expired at 12:00 midnight, New York City time, at the end of Thursday, June 10, 2021.

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Lecta Increases Prices of Thermal and Carbonless Papers for New Orders

Lecta announces, with immediate effect, a price increase of up to 15% for new orders of thermal and carbonless papers.

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IP targeting $700 million of debt reduction through a tender for several note issues

International Paper Company announced that it has commenced a cash tender offer (the "Offer") for up to $700 million aggregate purchase price (excluding Accrued Interest (as defined below) and excluding fees and expenses related to the Offer ) (the "Aggregate Maximum Amount") of its outstanding 4.400% Notes due 2047 (the "4.400% Notes"), 4.350% Notes due 2048 (the "4.350% Notes"), 4.80% Notes due 2044 (the "4.80% Notes") and 5.000% Notes due 2035 (the "5.000% Notes," and, together with the 4.400% Notes, the 4.350% Notes and the 4.80% Notes, the "Notes"). The terms and conditions of the Offer are described in the Company's offer to purchase dated June 7, 2021 (as may be amended or supplemented from time to time, the "Offer to Purchase").

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Weyerhaeuser CEO sees decade of strong wood demand but prices coming down

Weyerhaeuser CEO Devin Stockfish believes the home-building and renovation boom could keep wood demand strong for another decade.

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Sappi Europe to hike containerboard prices by 8-10%

The ongoing sharp rise in raw material costs, particularly pulp, chemicals and energy in combination with high freight rates make price adjustments unavoidable.

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Södra to hike price of NBSK to USD 1,380/tonne

Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe to $1,380, effective 1 June 2021.

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U.S. moves to double tariffs on Canadian softwood lumber imports

A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to consumers of wood products, analysts say.

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AF&PA Releases 61st Paper Industry Capacity and Fiber Consumption Report

Notably in 2020, containerboard capacity expanded, continuing a decade-long trend, and reaching a record high of 40.4 million tons. Tissue paper capacity has also been trending upward, increasing for the past five years, as well as eight of the last 10 years.

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Interfor Announces Special Cash Dividend of $2 Per Share

Interfor announced that its Board of Directors has declared a one-time special cash dividend of $2.00 per share, which will be paid on or before June 28, 2021 to shareholders of record on May 28, 2021.

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Sonoco Announces $150 Million Accelerated Share Repurchase

Sonoco announced an agreement to repurchase $150 million of its outstanding common shares in an accelerated share repurchase ("ASR") transaction with Wells Fargo Bank, N.A., using available cash on hand.

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Clearwater Paper to pull back on production

Clearwater Paper is expecting to take temporary downtime in the coming weeks at unspecified locations of its tissue operations.

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Sonoco Announces Price Increase for Rigid Paper Containers and Closures

Sonoco announced it is increasing prices for all rigid paper containers and closures sold in North America by 9.5 percent, effective with shipments on, and after, June 3 , 2021.

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Sun Chemical to Increase Prices on Publication Inks in North America

Sun Chemical will increase prices across its portfolio of publication inks in North America, effective June 1, 2021.

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DS Smith warns of rise in packaging prices due to COVID-19 as online shopping booms

DS Smith warned on Thursday of higher packaging prices as an online shopping boom during the pandemic has led to a surge in demand for boxes, coupled with a shortage of raw materials and higher paper prices.

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Norske Skog will enter European packaging markets in 2022

Norske Skog's Board of Directors has made the final investment decision to convert one machine at the Bruck (Austria) industrial site from newsprint to recycled containerboard production. This is the first major step of the two planned European conversion projects in the group's strategy of establishing Norske Skog as a leading independent European producer of recycled containerboard.

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Displaying Articles 1 - 25 of 154
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