$Tredegar (TG.US)$
NEWS
Update on the Brazilian Merger Review Process for the Sale of Terphane to Oben Group
Tredegar (NYSE: TG) announced an update on the sale of its flexible packaging films business, Terphane, to Oben Group. The Brazilian General Superintendence of the Administrative Council for Economic Defense (SG-CADE) issued a non-binding opinion recommending rejection of the transaction. However, this opinion isn't final; the case now moves to the CADE Tribunal for independent analysis. T...