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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.880-4.9%Jan 9 9:30 AM EST

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To: richardred who wrote (701)6/11/2005 1:29:43 AM
From: richardred   of 7256
 
06/10 17:09 DJ Carauster To Raise Prices On Paper Tube, Core Pdt Lines

ATLANTA (Dow Jones)--Caraustar Industries Inc. (CSAR) will raise prices on all paper tube and core product lines to help offset higher energy and freight charges, as well as recent paperboard cost increases.

Chief Financial Officer Ronald Domanico said the price increases won't be uniform and will differ across the company's products. The company is targeting a minimum price increase of 5%, but in some markets prices could rise by as much as 15%, he said.

In a press release Friday, the recycled packaging company said the higher prices will be effective with shipments on or after July 11.

Carauster shares closed at $11.31, up 19 cents, or 1.7%.

-Anjali Cordeiro; Dow Jones Newswires; 201-938-5400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

06-10-05 1709ET
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