Brief: Pactiv Evergreen Announces Definitive Agreement To Sell Pine Bluff Paper Mill And Waynesville Extrusion Facility To Suzano SA

Suzano SA

12/07/2024 22:03

July 12 (Reuters) - Pactiv Evergreen Inc  PTVE.O :
    * PACTIV EVERGREEN INC. ANNOUNCES DEFINITIVE AGREEMENT TO
SELL
PINE BLUFF PAPER MILL AND WAYNESVILLE EXTRUSION FACILITY TO
SUZANO SA
    * PACTIV EVERGREEN INC - TO SELL PINE BLUFF AND WAYNESVILLE
FOR
$110 MILLION
    * PACTIV EVERGREEN INC: CURRENTLY EXPECTS TO RECORD A
NON-CASH
IMPAIRMENT CHARGE OF APPROXIMATELY $320 MILLION TO $340 MILLION
IN Q3 OF 2024
    * PACTIV EVERGREEN INC - SUZANO TO OFFER EMPLOYMENT TO
CURRENT
EMPLOYEES AT PINE BLUFF AND WAYNESVILLE FACILITIES

Source text for Eikon:  ID:nGNX2cgLfn 
Further company coverage:  PTVE.O 

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