08152018Wed
Last updateTue, 14 Aug 2018 6am
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Companies

Kodak Reports Q2 Net Earnings of $4 Million and Continued Growth in Key Products

Retained UBS Investment Bank as its financial adviser on the sale of its Flexographic Packaging Division; Entered into a non-binding LOI for a $400 million, 18-month loan which would be used to refinance its existing term debt during the sale process for the Flexographic Packaging Division


Heidelberg with a solid start to the new financial year – order backlog growing thanks to subscription model

Incoming orders in the first quarter up by 6 percent to €665 million

Group sales increased by 9 percent to €541 million
Operating result (EBITDA) up from €14 million to €20 million – EBIT positive at €2 million
On course to achieve overall annual targets for 2018/2019
Digital transformation well underway, medium-term targets firmly in sight

Amcor Limited and Bemis Company, Inc. to combine in US$6.8 billion all-stock transaction

· Strategic combination to create the global leader in consumer packaging

· Comprehensive global footprint with greater scale in every region
· Industry leading R&D capabilities and better positioned to capture sustainable packaging opportunities
· Stronger value proposition for shareholders, customers, employees and the environment
· Combined revenues of US$13 billion, EBITDA of US$2.2 billion (1), annual cash flow after capital expenditure of more than US$1 billion and an investment grade balance sheet
· All-stock cash free transaction: Amcor shareholders to own 71%; Bemis shareholders to own 29% of combined company
· Double-digit pro-forma EPS (2) accretion for all shareholders including run-rate cost synergies of US$180 million incremental to Bemis’ “Agility” improvement plan
· Amcor to establish primary listing on NYSE with an estimated market capitalization of US$17 billion (3) and to maintain a listing on ASX, with expected index inclusion in both markets

Volaris Group Expands Position in Communications & Media Vertical with Acquisition of Aleyant

Volaris Group (“Volaris”) today announced that it has completed its eighth acquisition in the Communications and Media vertical with the acquisition of Aleyant Systems, LLC (“Aleyant”), a global web-to-print, estimation and production, and prepress automation workflow software provider to graphics and commercial print professionals.

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