Speculating in Takeover Targets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.705

+2.4%

Feb 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: richardred who started this subject	8/8/2003 3:36:19 PM
From: richardred	of 7265

Pactiv Buys Rest of Jaguar Shares For $22M They Still have cash left. I have two plastic plays in the SITT portfolio. RR (MORE) Dow Jones Newswires 08-08-03 0947ET DJ Pactiv/Jaguar -2: Paid $66M For Initial 70% >PTV LAKE FOREST, Ill. (Dow Jones)--Pactiv Corp. (PTV) purchased the remaining 30% interest of Mexico-based Central de Bolsas SA, also known as Jaguar Corp., for about $22 million. Jaguar Corp. is now a wholly owned subsidiary of Pactiv, a packaging products maker that reported 2002 sales of $2.88 billion and earned $148 million after an accounting adjustment. In a press release Friday, Pactiv said Jaguar makes polystyrene for cold cups and plates, polystyrene foam and expandable polystyrene hot cups. In September 2002, Pactiv agreed to pay $66 million for 70% of Jaguar and retained the option to purchase the other 30%. The deal was completed in October. Pactiv formed a joint venture to facilitate the acquisition. (MORE) Dow Jones Newswires 08-08-03 1038ET DJ Pactiv/Jaguar -3: To Immediately Add To Earnings >PTV When Pactiv announced the initial 70% acquisition of Jaguar, it said the buy would immediately add to earnings. A Pactiv spokeswoman said the 30% acquisition will also immediately add to earnings. A Thomson First Call projectes the company will earn 38 cents a share in the third quarter ending in September $1.44 a share in the full year. The company has said it expects to earn between 36 cents and 38 cents a share for the third quarter and between $1.40 and $1.46 a share for the full year. The Pactiv spokeswoman said the 30% acquisition was an all-cash transaction. As of June 30, the company had $168 million in cash and temporary cash investments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next