Brief: Ingevity Corp Says On July 1, Co, Georgia Pacific Entered Termination Agreement, Release To Terminate CTO Supply Agreement

Ingevity

08/07/2024 21:28

July 8 (Reuters) - Ingevity Corp  NGVT.N :
    * INGEVITY CORP - ON JULY 1, CO, GEORGIA PACIFIC ENTERED
TERMINATION AGREEMENT AND RELEASE TO TERMINATE CTO SUPPLY
AGREEMENT
    * INGEVITY - PURSUANT TO TERMINATION AGREEMENT, CO MADE CASH
PAYMENT TO GEORGIA-PACIFIC IN AMOUNT OF $50 MILLION ON JULY 1,
2024
    * INGEVITY - PURSUANT TO TERMINATION AGREEMENT, CO AGREED TO
MAKE
ADDITIONAL CASH PAYMENT TO GEORGIA-PACIFIC IN AMOUNT OF $50
MILLION BY OCTOBER 15, 2024

Source text for Eikon:  ID:n0001653477-24-000073 
Further company coverage:  NGVT.N 

 ((Reuters.Briefs@thomsonreuters.com;))