HARTSVILLE, S.C., Oct. 12, 2020 (GLOBE NEWSWIRE) — Sonoco (NYSE: SON), one of the most diversified global packaging companies, today announced it has signed an agreement to sell its Europe contract packaging business to Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash. The transaction is subject to normal closing requirements and is expected to be completed in the fourth quarter of 2020.

Sonoco’s Europe contract packaging business (Sonoco Poland Packaging Services Sp. z o.o.) produced net sales of approximately $300 million in 2019 and provides full-service custom packaging and supply chain management solutions to global consumer product goods companies through six contract packaging facilities in three locations and a warehouse all in Poland. The business is part of Sonoco’s Display and Packaging segment and has approximately 2,600 employees.

According to Howard

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PRINCETON, N.J., Sept. 29, 2020 (GLOBE NEWSWIRE) — Integra LifeSciences Holdings Corporation (NASDAQ:IART), a leading global medical technology company, today announced it has entered into a definitive agreement to sell its Extremity Orthopedics business to Smith+Nephew (LSE:SN, NYSE:SNN) for $240 million in cash. The transaction is expected to close at or around the end of 2020, subject to the satisfaction of customary conditions including regulatory approvals and consultation with employee representative bodies.

“Smith+Nephew’s strong focus in orthopedics will enable the business to expand its reach and scale, while allowing the team to thrive in a new environment,” said Peter Arduini, president and CEO, Integra LifeSciences. “This divestiture will increase our focus on Integra’s portfolio of market-leading products in neurosurgery, surgical instrumentation and regenerative medicine and move us

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According to industry grapevines, AT&T Inc. T is reportedly contemplating the divestment of about half of its ownership stake in the DirecTV satellite-television business. The strategic move is likely to help the carrier offload a struggling business that has been a drag on operations and focus more on its core businesses. However, no official statement has yet been made by any of the firms involved in the negotiation process.

AT&T acquired DirecTV in 2015 for a total consideration of $67.1 billion (including assumed debt) to extend its footprint beyond the realms of the wireless business into the pay-television industry. However, the business did not live up to its expectations and began to lose subscribers with the emergence of online streaming services of avant-garde media firms like Netflix, Inc. NFLX, The Walt Disney Company DIS, Hulu and Amazon.com Inc. AMZN.

To add to the woes, AT&T amassed a huge debt burden

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