KPS CAPITAL PARTNERS TO SELL EVIOSYS TO SONOCO FOR €3.615 BILLION
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Citi Adjusts Pro Forma Model on Sonoco Products (SON) Following Eviosys Acquisition
June 25, 2024 6:55 AM EDTCiti analyst Anthony Pettinari reiterated a Buy rating and $64.00 price target on Sonoco Products (NYSE: SON).
The analyst comments "Were publishing our pro forma model to reflect the acquisition of Eviosys and expected divestiture of the ThermoSafe business. We see significant outstanding questions with... More
Citi Comments on Sonoco Products (SON) Acquisition of Eviosys
June 24, 2024 8:32 AM EDTCiti analyst Anthony Pettinari reiterated a Buy rating and $64.00 price target on Sonoco Products (NYSE: SON).
The analyst comments "This morning SON announced it would acquire Eviosys, Europes leading food can company from KPS Capital Partners for ~$3.9B (9.1x pre-synergies, 7.3x... More
