|Bid||18.98 x 1000|
|Ask||19.12 x 1400|
|Day's Range||19.06 - 19.75|
|52 Week Range||13.00 - 19.75|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||22.76|
|Earnings Date||Jul 27, 2021|
|Forward Dividend & Yield||0.30 (1.57%)|
|Ex-Dividend Date||Mar 12, 2021|
|1y Target Est||21.15|
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Shares of Graphic Packaging Holding Co. surged 6.9% into record territory in premarket trading Friday, after the consumer packaging company announced an agreement to buy AR Packaging Group AB for about $1.45 billion in cash from CVC Capital Partners Fund IV. Graphic Packaging said AR Packaging is Europe's second largest producer of fiber-based consumer packaging. The company said it expects the deal to add $1.1 billion in annual sales, result in $40 million in synergies and immediately add to earnings after the deal closes, which is expected to occur in four to six months. "Acquiring AR Packaging will result in significant value creation opportunities for our customers, our employees, and our stockholders as we bring together two leading providers of fiber-based consumer packaging solutions with long histories of innovation and creative packaging design," said Graphic Packaging Chief Executive Michael Doss. The stock has rallied 16.3% over the past three months through Thursday, while the S&P 500 has gained 4.5%.
Graphic Packaging Holding Company (NYSE: GPK), ("Graphic Packaging" or the "Company"), a leading vertically-integrated provider of sustainable fiber-based consumer packaging solutions, and CVC Capital Partners Fund VI today announced a definitive agreement under which Graphic Packaging will acquire AR Packaging Group AB ("AR Packaging"), Europe's second largest producer of fiber-based consumer packaging, for approximately $1.45 billion in cash, subject to customary adjustments.