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Bemis Sees $215 Mln in Asset Sales To Clear Justice Department Antitrust Hurdles

Bemis Sees $215 Mln in Asset Sales To Clear Justice Department Antitrust Hurdles

Bemis Company (BMS), a plastic-packaging manufacturer attempting to complete a merger with Amcor, on Monday said Amcor plans to shed $215 million in assets to satisfy Department of Justice antitrust concerns. Amcor has agreed to sell plants in Massachusetts and Wisconsin for $215 million to privately held Techni-Plex. The combined sales revenue from the assets is about $100 million a […]

CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling

CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling

CannTrust Holdings Inc. (CTST) said it sees Q1 sales of $17 million, or 116% higher than the $7.8 million in the year-earlier period, as the Ontario cannabis producer commences a $200 million share offering. The company’s adjusted EBITDA loss is forecast to fall to between $3.5 million and $4.5 million from $8.55 million in the same period ended March a […]

Bed Bath & Beyond’s Co-Founders Retire Amid Board Revamp to Bolster Diversity

The co-founders of Bed Bath & Beyond (BBBY) will retire from the company’s board as part of the home goods retailer’s overhaul of its directors as it seeks to bolster diversity. Bed Bath & Beyond will also form a business transformation and strategy review committee and reconstitute its audit and compensation committees, according to a statement on Monday. Five independent […]