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$SON said it agreed to sell its rigid plastics blow molding operations to Amcor for $280MM. The deal is subject to regulatory approvals in the US. The company's rigid plastics blow molding operations include 7 manufacturing facilities in the US and Canada with 850 employees producing containers serving the personal care and food & beverage markets.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.