Sonoco Products Co (SNS.BE)
| Previous Close | 52.00 |
| Open | 51.00 |
| Bid | 49.80 x 0 |
| Ask | 51.50 x 0 |
| Day's Range | 51.00 - 51.00 |
| 52 Week Range | 46.20 - 56.00 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Jul 29, 2024 - Aug 02, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
Packaging firm Sonoco Products to buy Eviosys in $3.9 billion deal
The U.S. packaging firm expects to achieve more than $100 million in synergies from the integration of Eviosys with Sonoco's complementary metal can business. The deal, expected to close by end-2024 subject to certain conditions, will immediately add to Sonoco's adjusted earnings per share (EPS) and result in a more than 25% increase to its 2025 adjusted EPS. KPS Capital Partners said in a statement Sonoco has the option, under certain circumstances, to pay up to $200 million of the purchase consideration with its stock.
PR NewswireKPS CAPITAL PARTNERS TO SELL EVIOSYS TO SONOCO FOR €3.615 BILLION
KPS Capital Partners, LP ("KPS") announced today that it has entered into an agreement for its portfolio company, Eviosys (the "Company"), to be sold to Sonoco Products Company ("Sonoco", NYSE: SON), a Hartsville, South Carolina-based global leader in high-value sustainable packaging, for €3.615 billion (or approximately $3.9 billion). Sonoco has the option, under certain circumstances, to pay up to $200 million of the purchase consideration in the form of Sonoco stock. The transaction is expect
GlobeNewswireSonoco to Acquire Eviosys, Creating The World’s Leading Metal Food Can and Aerosol Packaging Platform
Advances Sonoco’s Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected Adjusted EBITDA Including Synergies Rodger Fuller, Chief Operating Officer, to Lead Integration; Expect to Achieve Over $100 Million of Synergies Within 24 Months Acquisition Expected to be Immediately Accretive to Adjusted EPS and Over 25% Accretive to 2025 Expected Adjusted EPS1 Transaction Advan
