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05.05.26 - 22:36
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Closure Systems International Acquires Two North American Manufacturing Facilities from Amcor (Business Wire)
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INDIANAPOLIS--(BUSINESS WIRE)--Closure Systems International (“CSI”), a global leader in closure solutions, today announced the acquisition of two beverage closure compression molding facilities from Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions. The facilities were part of Amcor's Rigid Packaging Solutions North America business.
These industry-leading facilities located in Erie, Pennsylvania and Hattiesburg, Mississippi are supported by strong teams and specialize in serving high-volume beverage applications, including carbonated soft drinks, water, and hot-fill products. The Erie facility is an approximately 183,000-square-foot site with a long-standing operational footprint and specialized assets. The Hattiesburg facility is an approximately 119,000-square-foot site featuring a modern layout, comprehensive assets, and available capacity to support future growth.
Today, CSI operates a global network of nine manufacturing facilities, design...
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05.05.26 - 20:30
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Stock markets are wobbling, but £10bn cash bids at fat premiums can still happen (The Guardian)
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A Swedish firm's pursuit of the product testing company Intertek suggests investors' price expectations are yet to be shifted by the Iran warIt was a bad day for the FTSE 100 index on Tuesday – down 1.4% – but the puzzle in many quarters is why share prices haven't fallen further since the start of the US-Israel war on Iran. The index is still up by a couple of percentage points since new year, which is not a bet most would have made at the time if they had been told an inflationary energy price shock lay around the corner.An absence of Iran-related corporate profits warnings partly explains the relative resilience, even if those usually take a while to arrive. So, too, the fact that the Footsie is overpopulated with overseas earners for whom the US economy, which isn't suffering Europe's soaring natural gas prices, matters more than their home market. And higher oil prices obviously help the likes of Shell and BP. Continue reading......
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05.05.26 - 20:12
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Could Greggs shares bounce back and pull a Rolls-Royce? (Fool)
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It may seem odd to compare a major aerospace engineer to a bakery chain, but Greggs shares currently exhibit a stark similarity to Rolls back in 2020.
The post Could Greggs shares bounce back and pull a Rolls-Royce? appeared first on The Motley Fool UK....
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05.05.26 - 19:54
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Bill Ackman Said High‑Quality Stocks Are Stupidly Cheap. He′s Right. (24/7 Wall St.)
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It's been a big end to April for Bill Ackman as his much-anticipated Pershing Square USA (NYSE:PSUS) went live on public markets. Of course, it was a tough slog out of the gate, but for investors interested in a hefty discount, now could be as good a time as any to bet on Ackman, a ... Bill Ackman Said High‑Quality Stocks Are Stupidly Cheap. He's Right....
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