SGK Disposal Is Great News

Matthews International: The SGK Disposal Is Great News
The sale of SGK Brands Solutions is boosting Matthews International's stock price and reducing interest costs. Click here to find out why MATW stock is a Buy.
Matthews International to Sell SGK Brand Solutions
Matthews to sell SGK to a newly formed entity created by affiliates of SGS & Co Matthews to realize upfront consideration of $350 million and receive 40% interest in new entity Initial enterprise value of new entity ~$900 million,
Matthews to sell interest in SGK Brand Solutions to SGS-created entity
International and affiliates of SGS & Co have entered into a definitive agreement under which Matthews will sell its
Matthews International Shares Jump on Sale of Branding Agency
Shares of Matthews International rose after the company said it will sell its interest in SGK Brand Solutions, a packaging and branding agency, for $350 million. The stock was up 14%, to $30.92, on Wednesday. Shares, which have gained 42% over the last three months, are down 12% in the last 52 weeks.
Barington Capital Group Statement on Matthews International's Sale of SGK Brand Solutions
Barington Capital Group, L.P. ("Barington Capital") and certain of its affiliates (collectively "Barington" or "we"), a fundamental, value-oriented activist investor that beneficially owns approximately 1.
Matthews International to sell SGK Brand Solutions for $350M (update)
Matthews International sells SGK Brand Solutions for $350 million, plans to use proceeds for debt repayment and retains stake in new entity.
Matthews International Corporation: Matthews International to Sell SGK Brand Solutions
Matthews to sell SGK to a newly formed entity created by affiliates of SGS & Co Matthews to realize upfront consideration of $350 million and receive 40% interest in new entity Initial enterprise valu
Matthews International Files Definitive Proxy Statement and Sends Letter to Shareholders
The Matthews team, under the leadership of Joe Bartolacci, has delivered solid performance. Notably, in fiscal 2024 Matthews reported $1.8 billion in consolidated revenue and met its revised guidance ...
Barington Capital Group Files Definitive Proxy Statement For Matthews International's 2025 Annual Meeting
Highlights Need for New Directors and a New CEO Following Years of Share Price Underperformance, Poor Operational Execution and Capital Allocation, Excessive Spending and Empty Promises Urges ...
Reuters on MSN22d
Barington nominates Mitarotonda and two others as directors at Matthews, sources say
It also wants Matthews to consider divesting its SGK Brand Solutions segment, follow through with its review for its Warehouse Automation and Product Identification businesses and find a partner ...
Hosted on MSN1mon
Matthews International edges higher as activist pushes for CEO exit, board seats (update)
Matthews International (MATW ... Matthew's to explore the sale of its "poorly performing" packaging business, SGK Brand Solutions.