Clearwater Paper Focuses on Paperboard: Sells Tissue Business for $1.06B
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Clearwater Paper Corporation's Sale: Clearwater Paper Corporation is selling its tissue business to Sofidel America Corporation for $1.06 billion, marking a significant step in its transformation into a leading paperboard supplier in North America.
Financial Impact and Future Plans: The sale is expected to yield approximately $850 million in net proceeds, which will be used to reduce debt and support growth initiatives, as the company aims to enhance its paperboard operations.
Analyst Views on RZV
Wall Street analysts forecast RZV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RZV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 131.190
Low
Averages
High
Current: 131.190
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
