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$PKG agreed to buy substantially all assets of Columbus Container, an independent corrugated products producer, in a cash-free, debt-free transaction for cash price of $100MM. $PKG will buy full-line corrugated products facility located in Columbus, Indiana, 5 warehousing facilities and other related operations located in Indiana and Illinois.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.