Friday, June 17, 2011, 8:59 AM
Graham Packaging (GRM -2.6%) agrees to a $25.50/share offer from New Zealand-based Reynolds Group, $0.50 higher than its June 13 offer. Graham will pay Silgan (SLGN -0.3%) a $39.5M penalty for backing out of its $19.56/share deal after the latter failed to counterbid during the three-day match period. (PR)
Comment![M&A, Breaking News]
Tuesday, June 14, 2011, 9:55 AM
Graham Packaging (GRM +1.48%) receives a $25/share offer from New Zealand-based Reynolds. The proposal values Graham at $4.5B and beats a bid of $19.56 from Silgan (SLGN +0.5%), which has three days to make a counter-offer, otherwise Graham will go with the Kiwis. (PR)
Comment![M&A]
Monday, June 13, 2011, 9:09 AM
Graham Packaging (GRM) says it has received an unsolicited $25/share acquisition offer from an undisclosed third party, and believes it could lead to a proposal that is superior to the pending $19.56/share transaction with Silgan Holdings (SLGN). GRM +20.3%, SLGN -3.6% premarket. (PR)
Comment![M&A, On the Move]
Wednesday, April 13, 2011, 7:21 AM
Silgan Holdings (SLGN) will buy Graham Packaging (GRM) in a cash-and-stock deal worth $4.1B. The $19.56/share offer is a 17% premium to Graham's closing price yesterday. GRM +13%. (PR)
Comment![Breaking News, On the Move]
Asif Suria Graham Packaging Endorses Offer From Rank $GRM
6/14/11
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Asif Suria Graham Packaging Company to be Acquired by Silgan Holdings for $4.1 billion $GRM $SLGN
4/13/11
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Jim Van Meerten GRM - Graham Packaging - 100% Barchart.com buy signal-17 new highs and up 34.35% in the last month-Relative Strength Index 93.35% and rising
1/31/11
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Dr. Kris (cont'd) With GRM @ $16.69, the Feb17.5 covered call @$0.45-->7.5% ROI assigned, 2.7% ROI unassigned, 2.7% downside protection.
1/25/11
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Dr. Kris Going parabolic: Plastic packager GRM up 40% since Nov on increasing vol showing institutional interest. Increase in Feb call options (more)
1/25/11
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Jim Van Meerten GRM - Graham Packaging - 100% Barchart technical buy signal-12 new highs and up 17.64% in the last month-Relative strength Index 88.25%
1/24/11
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