tephen K. Green (61), member of the Supervisory Board of BASF SE, has been appointed to become the United Kingdoms Minister of State for Trade and Investment effective early in 2011. He will therefore resign from BASFs Supervisory Board in December 2010. His successor will be named at a later date .
Red Cross, Pitney Bowes Encourage Public to Send a Touch of Home to Service Men and Women
Reynolds Group Holdings Limited (“Reynolds Group”) today announced that it intends to finance the acquisition of Pactiv Corporation (“Pactiv”) and associated transaction costs with a combination of approximately US$1.5 billion of additional indebtedness pursuant to an amendment to its existing Senior Secured Credit Facility, approximately US$3.5 billion of new senior indebtedness, of which approximately US$2.0 billion is expected to be secured, and approximately US$734 million of new equity and available cash.
The Gores Group, LLC (together with its affiliates, “Gores”) today announced that it has acquired substantially all of the assets and assumed certain liabilities from National Envelope Corporation (“NEC”), through a transaction under Section 363 of the U.S. Bankruptcy Code. The U.S. Bankruptcy Court for the District of Delaware approved the transaction on August 23, 2010.
Mohawk is pleased to announce that Jonathan Stone has joined Mohawk Fine Papers as District Sales Manager, South Central.
Mondi confirms that it has signed an agreement with Hadera Paper Ltd., for the sale of 25.1% of its shares (the “Shares”) in Mondi Hadera Paper Ltd. (the “Company”). After completion of the transaction, Hadera Paper Ltd. will hold 75% of the shares in the Company and Mondi will retain a minority interest of 25%.
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