Brief: Sonoco Announces Review Of Strategic Alternatives

Sonoco Products

04/09/2024 21:14

Sept 4 (Reuters) - Sonoco Products Co  SON.N :
    * SONOCO ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES FOR THE
THERMOFORMED & FLEXIBLES PACKAGING BUSINESS AS PART OF FURTHER
PORTFOLIO SIMPLIFICATION
    * SONOCO PRODUCTS CO - INITIATES REVIEW OF STRATEGIC
ALTERNATIVES
FOR TFP BUSINESS
    * SONOCO PRODUCTS CO - STRATEGIC REVIEW PROCESS OF TFP IS
UNDERWAY
AND SONOCO EXPECTS TO COMPLETE IT IN Q4 OF 2024
    * SONOCO PRODUCTS CO - MODIFIES FINANCING PLANS FOR PENDING
EVIOSYS ACQUISITION
    * SONOCO PRODUCTS CO - TFP STRATEGIC REVIEW EXPECTED TO
COMPLETE
IN Q4 2024
    * SONOCO PRODUCTS CO - SONOCO NO LONGER ANTICIPATES ISSUING
EQUITY
TO FUND EVIOSYS ACQUISITION.
    * SONOCO PRODUCTS CO - INTENDS TO FINANCE EVIOSYS
ACQUISITION
THROUGH A COMBINATION OF PREPAYABLE DEBT, LONGER-TERM BOND
FINANCING AND/OR CASH ON HAND

Source text for Eikon:  ID:nGNX2Xw5LR 
Further company coverage:  SON.N 

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