Pricing of Secondary Public Offerings, Quarterly Results, and Company Restructurings - Research Report on Berry Plastics, Goodyear Tire & Rubber, MeadWestvaco, Sonoco Products, and Myers Industries Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, July 23, 2013 NEW YORK, July 23, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Berry Plastics Group, Inc. (NYSE: BERY), Goodyear Tire & Rubber Co. (NASDAQ: GT), MeadWestvaco Corporation (NYSE: MWV), Sonoco Products Co. (NYSE: SON), and Myers Industries Inc. (NYSE: MYE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Berry Plastics Group, Inc. Research Report On July 17, 2013, Berry Plastics Group, Inc. (Berry Plastics) announced the pricing of an earlier announced secondary public offering of 15 million shares of the Company's common stock by certain funds affiliated with Apollo Global Management, LLC and certain funds affiliated with Graham Partners, Inc. (collectively known as the Selling Stockholders) at $21.63 per share. The Company itself is not selling any shares and will not receive any proceeds from the offering, and that the offering will not change the number of shares of the currently outstanding Company's common stock. According to the Company, the underwriters will have a 30-day option to purchase up to an additional approximately 2.3 million shares of common stock from the selling stockholders. Subject to customary closing conditions, the offering is currently expected to close on July 23, 2013. Acting as joint book-running managers for the offering are Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., Credit Suisse, Baird, and Barclays. Acting as co-managers for the offering are SunTrust Robinson Humphrey, Wells Fargo Securities, and Apollo Global Securities. The Full Research Report on Berry Plastics Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/cab7_BERY ] -- Goodyear Tire & Rubber Co. Research Report On July 16, 2013, Goodyear Tire & Rubber Co. (Goodyear) announced that the Company will release Q2 2013 financial results on Tuesday, July 30, 2013 - followed by an investor conference call at 9:00 a.m. Richard J. Kramer, Chairman and CEO, and Darren R. Wells, Executive Vice President and CFO, will be present at the conference call. Interested parties will have access to the conference call via the Company website or through dial-in details before 8:55 a.m. on July 30, 2013. A replay can be accessed later that day through dial-in details provided by the Company, whereas it will remain accessible through the Company website. The Full Research Report on Goodyear Tire & Rubber Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/2caa_GT ] -- MeadWestvaco Corporation Research Report On June 26, 2013, MeadWestvaco Corporation (MWV) announced that the Company will release its Q2 2013 results on Tuesday, July 30, 2013, before the market opens. The Company will be hosting a Q2 2013 results conference call Tuesday, July 30, 2013, at 10:00 a.m. ET. The event will be hosted by John A. Luke, Jr., Chairman and CEO; James A. Buzzard, President; E. Mark Rajkowski, CFO; and Jason Thompson, Director, Investor Relations. A link to the live webcast of the conference call, presentation slides, and news release may be accessed on MWV's website via the Investors page. The Full Research Report on MeadWestvaco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/01e4_MWV ] -- Sonoco Products Co. Research Report On July 18, 2013, Sonoco Products Co. (Sonoco) released Q2 2013 financial results (period ending June 30, 2013). GAAP earnings per diluted share were $0.53, as compared to $0.50 in Q2 2012. Q2 2013 net sales were $1.23 billion, a 2% YoY increase. Jack Sanders, Sonoco President and CEO, commented, "Overall, we're pleased with our results for the quarter. We were able to achieve records in sales and gross profits, while delivering base earnings near the high end of our guidance. Despite challenging global economic conditions, base earnings benefited from volume gains, productivity improvements and a positive price/cost relationship. These positive factors were partially offset by higher labor, pension and other operating costs and a higher effective tax rate on base earnings." Sonoco also expects Q3 2013 and full-year 2013 base earnings to be in the range of $0.59 to $ 0.63 per diluted share and $ 2.26 to $ 2.32 per diluted share, respectively. The Full Research Report on Sonoco Products Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0e41_SON ] -- Myers Industries Inc. Research Report On July 18, 2013, Myers Industries Inc. (Myers) announced that the restructuring has reached the second phase - which includes the closure of the Company's Waco, Texas plant. According to the Company, nearly 75 employees will be affected by this action, whereas a number of employees will be transferred to remaining Myers Industries Lawn & Garden Group operations. According to Plant Manager Robert Burkhart, "The Waco team has made progress in its ability to competitively service the market, but has been disadvantaged by its geographic location in relationship to the customers." The Company also assured employees that it will make every effort to help them through this transition. The Full Research Report on Myers Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/3d87_MYE ] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. SOURCE Analysts' Corner Contact: Joe Thomas - CONTACT PHONE: +1-310-496-8071 (North America)
Pricing of Secondary Public Offerings, Quarterly Results, and Company Restructurings - Research Report on Berry Plastics,
Press spacebar to pause and continue. Press esc to stop.