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Last C$7.75 CAD
Change Today -0.01 / -0.13%
Volume 113.4K
As of 1:29 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

cascades inc (CAS) Snapshot

Open
C$7.76
Previous Close
C$7.76
Day High
C$7.84
Day Low
C$7.72
52 Week High
02/6/15 - C$8.30
52 Week Low
10/15/14 - C$5.64
Market Cap
730.3M
Average Volume 10 Days
187.5K
EPS TTM
C$-0.69
Shares Outstanding
94.2M
EX-Date
05/22/15
P/E TM
--
Dividend
C$0.16
Dividend Yield
2.07%
Current Stock Chart for CASCADES INC (CAS)

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cascades inc (CAS) Details

Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated boxboards; containerboards, as well as converts corrugated products; and industrial packaging products, such as roll headers and paperboard packaging for rolls of newspaper, roll edges, laminated paperboards for use in the furniture backing and specialty containers industrial sectors, honeycomb paperboards, and uncoated recycled paperboards for packaging converters and industrial users of headers and wrappers, as well as uncoated paperboard partitions for beer, wine, and glass container producers. The company also provides consumer product packaging products, including egg filler flats; four-cup carriers; polystyrene foam trays for the packaging of meat, poultry, and seafood; plates and bowls; rigid plastic packaging products; containers; reusable food containers; and flexible films for packaging products, as well as markets coin wrappers to the numismatic industry. In addition, it manufactures backing for vinyl flooring, de-inked kraft pulp for the production of tissue and fine paper, bathroom and facial tissue, paper towels, paper hand towels, paper napkins, parent rolls, industrial wipes, and other related products, as well as offers services to recover and process discarded materials. Cascades Inc. was founded in 1964 and is headquartered in Kingsey Falls, Canada.

10,700 Employees
Last Reported Date: 03/27/15
Founded in 1964

cascades inc (CAS) Top Compensated Officers

President, Chief Officer and Non-Independent ...
Total Annual Compensation: C$621.0K
Co-Founder and Executive Chairman of the Boar...
Total Annual Compensation: C$571.5K
Chief Financial Officer and Vice-President
Total Annual Compensation: C$347.6K
Chief Executive Officer of Containerboard Gro...
Total Annual Compensation: C$487.3K
Senior Vice-President of Corporate Developmen...
Total Annual Compensation: C$405.6K
Compensation as of Fiscal Year 2014.

cascades inc (CAS) Key Developments

Cascades Inc. Announces Completion of its Previously Announced Offering of $250 Million of 5.75% Senior Notes Due on 2023

Cascades Inc. announced that it has completed its previously announced offering of $250 million aggregate principal amount of 5.75% Senior Notes due 2023. The company announced the results of its previously announced cash tender offer for all of its outstanding $250 million aggregate principal amount of 7 7/8% Senior Notes due 2020, which expired as of 5:00 p.m. (New York City time) on May 18, 2015 (the "Expiration Time"). As of the Expiration Time, a total of $223.545 million principal amount of 2020 Notes had been validly tendered in the Tender Offer, which excludes $4.923 million aggregate principal amount of 2020 Notes that remain subject to guaranteed delivery procedures. Cascades has accepted for purchase all of the 2020 Notes that were tendered and paid the Purchase Price (plus accrued interest) and settled the Tender Offer (other than with respect to the guaranteed delivery procedures) on May 19, 2015 (the 'Payment Date'). In accordance with the terms of the Tender Offer, the company offered to make a cash payment to all holders who validly tendered their 2020 Notes in the Tender Offer of $1,044.02 per $1,000 principal amount of 2020 Notes tendered (the 'Purchase Price'), plus accrued interest thereon to, but not including, the Payment Date. With respect to 2020 Notes accepted for purchase that were tendered and are subsequently delivered in accordance with the guaranteed delivery procedures, such tendering holders will receive payment of the Purchase Price for such accepted 2020 Notes on May 21, 2015, plus accrued interest thereon to, but not including, the Payment Date. The company is funding the payment for tendered and accepted 2020 Notes with the net proceeds from its previously announced issuance and sale of $250 million aggregate principal amount of its 5.75% Senior Notes due 2023, together with borrowings under its revolving credit facility. The company expects to issue a notice of redemption with respect to any remaining 2020 Notes not validly tendered on or before the Expiration Time.

Cascades, Inc. Announces Notice of Redemption for All of Its 7 7/8% Senior Notes Due 2020

Cascades Inc. announced that it has issued a notice of redemption for the USD 21.532 million aggregate principal amount of its 7 7/8% Senior Notes due 2020 that remain outstanding after the consummation of its previously announced offer to purchase relating to the 2020 Notes. The redemption date is June 18, 2015, and the redemption price is 103.938% of the principal amount plus accrued and unpaid interest to, but not including, June 18, 2015. Cascades will use the proceeds of its previously completed private offering of 5.75% Senior Notes due 2023, together with borrowings under its revolving credit facility, to fund the redemption.

Cascades, Inc. Announces Cash Tender Offer for 7?% Senior Notes Due 2020

Cascades Inc. announced the commencement of a cash tender offer to purchase any and all of its outstanding USD 250 million aggregate principal amount of 7?% Senior Notes due 2020. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated May 11, 2015 and the related Letter of Transmittal and Notice of Guaranteed Delivery. The Tender Offer will expire at 5:00 p.m., New York City time, on May 18, 2015, unless extended or earlier terminated with respect to the 2020 Notes. Tenders of the 2020 Notes may be withdrawn at any time prior to the Expiration Time, unless extended, but may not be withdrawn thereafter, unless Cascades is required by applicable law to permit the withdrawal.

 

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CAS Competitors

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Industry Analysis

CAS

Industry Average

Valuation CAS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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