Diversified electronics maker TE Connectivity Ltd. is nearing a deal to sell its network solutions business unit to CommScope Holding Co., Inc. (COMM) in a deal valued at about $3 billion, according a Wall Street Journal report on Monday. A deal could be announced as early as this week.
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Packaging Corp. of America (PKG) reported fourth quarter adjusted EPS of $1.16 after the bell Monday, up from $1.05 a year ago. The consensus estimate was for EPS of $1.17. First quarter EPS is expected to be between $1.07 and $1.10. Analysts are expecting EPS of $1.26. The stock is now down 4.71 on...