bullish

Clearwater Paper Corp (CLW) - Monday, Sep 30, 2024

312 Views31 Dec 2024 08:41
Syndicated
SUMMARY
  • CLW sells tissue business to Sofidel America for $1.06 billion, expected to close in late 2024
  • Proceeds will be used to reduce debt and invest in other SBS grades, despite slightly weaker Q2 performance
  • Despite stock price surge to $55, currently trading at $30, CLW remains #2 Paperboard producer of SBS grades in US, recently acquired paperboard mill from Graphic Packaging for $700 million

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Value Investors Club
External reports (aggregated public sources)
Value Investors Club
Equity Bottom-UpEvent-Driven
Price Chart(Sign Up to Access)
analytics-chart
  • Loading...
x