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P H Glatfelter Co (GLT.N)

GLT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Glatfelter To Sell Specialty Papers Business Unit
Wednesday, 22 Aug 2018 

Aug 21 (Reuters) - P H Glatfelter Co ::GLATFELTER ANNOUNCES DEFINITIVE AGREEMENT TO SELL SPECIALTY PAPERS BUSINESS UNIT, CONCLUDING REVIEW OF STRATEGIC ALTERNATIVES.AGREEMENT TO SELL ITS SPECIALTY PAPERS BUSINESS UNIT ON A CASH FREE AND DEBT FREE BASIS TO LINDSAY GOLDBERG.AGREEMENT TO SELL ITS SPECIALTY PAPERS BUSINESS UNIT FOR A TOTAL SALE PRICE OF $360 MILLION..SALE PRICE INCLUDES ABOUT $320 MILLION OF CASH PROCEEDS AND ASSUMPTION BY PURCHASER OF ABOUT $40 MILLION OF RETIREE HEALTHCARE LIABILITIES.PURCHASER TO ASSUME ABOUT $250 MILLION OF PENSION LIABILITIES RELATING TO SPBU EMPLOYEES.PURCHASER TO RECEIVE APPROXIMATELY $300 MILLION OF RELATED ASSETS FROM GLATFELTER'S EXISTING PENSION PLAN.PENSION LIABILITY REMAINING WITH CO TO CONTINUE TO BE SIGNIFICANTLY OVERFUNDED AND NO CASH CONTRIBUTIONS EXPECTED FOR FORESEEABLE FUTURE.P H GLATFELTER- NET CASH PROCEEDS TO BE USED TO PAY DOWN DEBT, TO FUND PREVIOUSLY ANNOUNCED ACQUISITION OF GEORGIA-PACIFIC'S EUROPEAN NONWOVENS BUSINESS.  Full Article

Glatfelter To Buy Georgia-Pacific's European Nonwovens Business For $185 Mln
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Glatfelter ::GLATFELTER TO ACQUIRE GEORGIA-PACIFIC’S EUROPEAN NONWOVENS BUSINESS FOR $185 MILLION.PLANS TO FINANCE ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND BORROWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY.EXPECTS TO REALIZE SYNERGIES IN EXCESS OF APPROXIMATELY $6 MILLION PER YEAR WITHIN THREE YEARS.EXPECTS TO REALIZE SYNERGIES IN EXCESS OF APPROXIMATELY $6 MILLION PER YEAR WITHIN THREE YEARS AFTER DEAL.EXPECTS TO INCUR ONE-TIME COSTS OF APPROXIMATELY $7 MILLION FOR TRANSACTION FEES AND INTEGRATION, DUE TO ACQUISITION.  Full Article

BRIEF-Glatfelter Q1 Adjusted Earnings Per Share $0.19

* Q1 EARNINGS PER SHARE VIEW $0.26 -- THOMSON REUTERS I/B/E/S