Business News
Wednesday 05. November 2008

Graphic Packaging Holding Company Reports Third Quarter 2008 Results

– Pro Forma Net Sales increased 3.3 percent over prior year quarter due to stronger volume and higher pricing. – EBITDA and Adjusted EBITDA were $123.9 million and $131.3 million compared to EBITDA of $78.8 million and Adjusted EBITDA of $104.0 million in the prior year quarter. – Achieved annualized synergies in excess of $25 million toward target of $90 million by 2010. – Closed sale of two coated-recycled board mills. Cash proceeds used to reduce debt.
Tuesday 04. November 2008

Gerber Scientific, Inc. Announces Take-Up of Additional Shares of Virtek Vision International Inc. and Commencement of Compulsory Acquisition

Gerber Scientific, Inc. (“Gerber”) (NYSE:GRB) and Virtek Vision International Inc. (“Virtek”) (TSX: VRK) jointly announced today that shareholders holding an additional 1,780,024 common shares of Virtek have accepted the offer dated September 12, 2008, as extended on October 21, 2008 (the “Offer”) and tendered such shares pursuant to the Offer. Gerber has taken-up such additional shares. Shareholders holding 33,373,875 Virtek common shares, representing approximately 93% of the outstanding Virtek common shares, have accepted the Offer.
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