Silgan Holdings Inc. (NASDAQ:SLGN) closed the deal to buy the steel can making assets of Nestle Purina PetCare Company for $25 million. In addition, it has also inked a long-term supply agreement with Nestle Purina PetCare Company.
The synergies from the transaction are already incorporated in the earnings guidance as Silgan had already started supplying cans to Nestlé Purina for qualification purposes. Silgan guided third quarter adjusted earnings to a range of $1.05 to $1.15 per share and full … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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