Shares of Glatfelter (GLT +7%) have powered higher all day after this morning's news that the...

|About: Glatfelter (GLT)|By:, SA News Editor

Shares of Glatfelter (GLT +7%) have powered higher all day after this morning's news that the manufacturer of specialty papers had acquired specialty non-wovens manufacturer Dresden Papier for ~$209M. GLT expects the acquisition to be immediately accretive to EPS by ~$0.25 annually.