Sep. 9 at 2:31 PM
$SON sells ThermoSafe for up to
$725M — a strategic shift or risk? 🤔
$SON's deal with Arsenal Capital Partners aligns with its portfolio streamlining, aiming to cut debt and focus on core segments. The sale could lower SON's net leverage ratio to 3.5x, excluding performance-based payments.
Discover the full impact of this move here 👉 https://www.zacks.com/stock/news/2748833/sonoco-to-reduce-debt-and-boost-portfolio-with-thermosafe-divestment?cid=sm-stocktwits-2-2748833-body-11524&ADID=SYND_STOCKTWITS_TWEET_2_2748833_BODY_11524