FONT-SIZE Plus   Neg

DS Smith´s Offer To Buyout Packaging Operations In France Accepted By SCA

Global hygiene and paper company SCA (SVCBY.PK) Wednesday announced that it has accepted the formal offer from D S Smith to acquire the packaging operations in France.

The company revealed that it had signed a sale and purchase agreement with D S Smith, after having consultations with the appropriate works councils.

SCA further added that, following the signing of the sale and purchase agreement between the two parties, the process will continue towards completing the entire transaction, which includes review of relevant competition authorities.

SCA expects that the transaction would be concluded during the second quarter of 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Bond management titan Bill Gross has filed suit against his former employer, PIMCO, for breach of contract related to his ouster from the company. Gross is looking for damages of at least $200 million for forcing him out of the company, according to court filings. Gross claims that other managers conspired to push him out of the firm he co-founded in order to improve their own finances. Large U.S. companies are holding trillions of dollars overseas in an effort to avoid U.S. taxes, with big-name firms like Apple (AAPL), Pfizer (PFE) and PepsiCo (PEP) named as notable examples. This is the claim made by a pair of non-profit groups, who released a study based on the firms' financial statements. Alcoa Inc. (AA), the largest producer of aluminum in the US, Thursday reported a sharp decline in profit for the third quarter, as sales dropped 11 percent reflecting divestitures and currency headwinds. Both the earnings and revenues fell short of Wall Street analysts' estimates, sending its shares...
comments powered by Disqus
Follow RTT