Cleanwater Paper shares are trading higher after the company announced a deal to sell its tissue business for $1.06 billion.
Portfolio Pulse from Benzinga Newsdesk
Cleanwater Paper shares are trading higher after the company announced a deal to sell its tissue business for $1.06 billion.
July 22, 2024 | 2:36 pm
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Cleanwater Paper shares are trading higher following the announcement of a $1.06 billion deal to sell its tissue business.
The sale of the tissue business for $1.06 billion is a significant transaction for Cleanwater Paper, likely leading to a positive short-term impact on the stock price as investors react to the influx of capital and potential strategic refocus.
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