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BUSINESS
May 12, 2006 | From Reuters
Smurfit-Stone Container Corp. said it had agreed to sell its consumer packaging segment to private equity investor Texas Pacific Group for about $1.04 billion in cash. The company, which is in the midst of a turnaround plan, said it planned to use essentially all of the proceeds from the sale to reduce debt.
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BUSINESS
May 11, 1998
* Jefferson Smurfit Corp. and Stone Container Corp. said they signed a definitive merger deal that will create a paper-based packaging provider with sales exceeding $8 billion a year.
BUSINESS
November 12, 1998 | Bloomberg News
Danaher Corp. (ticker symbol: DHR), a Washington-based maker of tools and auto components, will replace Stone Container Corp. in the Standard & Poor's 500 index at the close of trading Tuesday. Jefferson Smurfit Corp. is acquiring Stone Container, and the transaction is expected to close that day. Stocks of companies that join the S&P 500 sometimes get a boost because mutual funds that seek to track the blue-chip index must buy shares. Danaher closed unchanged Wednesday at $40.
BUSINESS
January 28, 1987
Stone Container Corp. said Southwest Forest Industries Inc. had agreed to a $445-million buyout offer that would create one of the nation's 10 biggest paper products concerns, with sales of about $2 billion. Stone will pay $32.25 cash for each the 13.7 million outstanding shares of Southwest, including options and convertible stock.
BUSINESS
November 12, 1998 | Bloomberg News
Danaher Corp. (ticker symbol: DHR), a Washington-based maker of tools and auto components, will replace Stone Container Corp. in the Standard & Poor's 500 index at the close of trading Tuesday. Jefferson Smurfit Corp. is acquiring Stone Container, and the transaction is expected to close that day. Stocks of companies that join the S&P 500 sometimes get a boost because mutual funds that seek to track the blue-chip index must buy shares. Danaher closed unchanged Wednesday at $40.
BUSINESS
February 15, 1997 | Times Staff and Wire Reports
Abitibi-Price Inc., the world's largest newsprint producer, has agreed to merge with its main competitor, Stone-Consolidated Corp., in a deal worth about $1.7 billion. Falling paper prices have been squeezing profits industrywide, producing the kind of environment that often drives companies to combine so they can operate more efficiently.
BUSINESS
January 26, 1989 | From Times Staff and Wire Service Reports
Stone Container Corp. announced today it intends to make a $2.2-billion offer for Consolidated-Bathurst Inc. of Quebec, one of Canada's largest paper and packaging companies. Stone Container, based in Chicago, is the world's largest producer of unbleached containerboard and kraft paper, and converts those products into containers and bags. The offer, which amounts to 25 Canadian dollars per common share, would include about 102.
BUSINESS
May 12, 2006 | From Reuters
Smurfit-Stone Container Corp. said it had agreed to sell its consumer packaging segment to private equity investor Texas Pacific Group for about $1.04 billion in cash. The company, which is in the midst of a turnaround plan, said it planned to use essentially all of the proceeds from the sale to reduce debt.
BUSINESS
May 11, 1998
* Jefferson Smurfit Corp. and Stone Container Corp. said they signed a definitive merger deal that will create a paper-based packaging provider with sales exceeding $8 billion a year.
BUSINESS
October 28, 1997 | From Bloomberg News
Louisiana-Pacific Corp. and Stone Container Corp. on Monday said separately that they plan to sell assets and use the cash to pay off debt and focus on their more profitable forest-products businesses. Louisiana-Pacific plans to sell more than $1 billion in assets and cut 3,500 jobs, or about 29% of its work force, to focus on building products and reduce its debt by an unspecified amount. Stone Container will sell its wood-pulp businesses to focus on corrugated containers and cut $1.
BUSINESS
February 15, 1997 | Times Staff and Wire Reports
Abitibi-Price Inc., the world's largest newsprint producer, has agreed to merge with its main competitor, Stone-Consolidated Corp., in a deal worth about $1.7 billion. Falling paper prices have been squeezing profits industrywide, producing the kind of environment that often drives companies to combine so they can operate more efficiently.
NEWS
March 30, 1989
The federal grand jury indictment against Michael Milken, Lowell Milken and Bruce L. Newberg accuses the defendants of three groups of racketeering law violations. A summary of the allegations follows (Except where indicated, Michael Milken allegedly acted without his two co-defendants.): Actions Involving Ivan F. Boesky Fischbach Corp.
BUSINESS
October 28, 1997 | From Bloomberg News
Louisiana-Pacific Corp. and Stone Container Corp. on Monday said separately that they plan to sell assets and use the cash to pay off debt and focus on their more profitable forest-products businesses. Louisiana-Pacific plans to sell more than $1 billion in assets and cut 3,500 jobs, or about 29% of its work force, to focus on building products and reduce its debt by an unspecified amount. Stone Container will sell its wood-pulp businesses to focus on corrugated containers and cut $1.
BUSINESS
September 14, 1988 | CARLA LAZZARESCHI, Times Staff Writer
The massive insider trading lawsuit brought by the Securities and Exchange Commission last week against Drexel Burnham Lambert Inc. and its "junk bond" chief, Michael Milken, were hardly any surprise to Wall Street. But the inclusion in the suit of Pamela Monzert--listed by the SEC as a Drexel bond trader--caught many watching the unfolding drama off guard. Who is this mystery woman accused by the SEC of 13 instances of stock manipulation, false record-keeping and margin requirement violations?
BUSINESS
January 26, 1989 | From Times Staff and Wire Service Reports
Stone Container Corp. announced today it intends to make a $2.2-billion offer for Consolidated-Bathurst Inc. of Quebec, one of Canada's largest paper and packaging companies. Stone Container, based in Chicago, is the world's largest producer of unbleached containerboard and kraft paper, and converts those products into containers and bags. The offer, which amounts to 25 Canadian dollars per common share, would include about 102.
BUSINESS
September 14, 1988 | CARLA LAZZARESCHI, Times Staff Writer
The massive insider trading lawsuit brought by the Securities and Exchange Commission last week against Drexel Burnham Lambert Inc. and its "junk bond" chief, Michael Milken, were hardly any surprise to Wall Street. But the inclusion in the suit of Pamela Monzert--listed by the SEC as a Drexel bond trader--caught many watching the unfolding drama off guard. Who is this mystery woman accused by the SEC of 13 instances of stock manipulation, false record-keeping and margin requirement violations?
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