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AEP Industries Inc (AEPI.O)

AEPI.O on Nasdaq

116.55USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Aep Industries says Berry Plastics withdrew notification,report form with DOJ
Tuesday, 11 Oct 2016 04:49pm EDT 

Aep Industries Inc : Aep Industries Inc -on October 6, Berry Plastics Group, withdrew its notification and report form, filed with antitrust division of U.S. DOJ and FTC .Aep Industries Inc says Berry Plastics had filed the form in connection with proposed acquisition of AEP by Berry.  Full Article

Berry Plastics Group announces agreement to acquire AEP Industries
Thursday, 25 Aug 2016 07:00am EDT 

AEP Industries Inc : Berry Plastics Group, Inc. Announces agreement to acquire AEP Industries Inc. . Aggregate consideration will be $765 million . AEP Industries Inc says deal to be accretive to adjusted net income and adjusted free cash flow, while deleveraging Berry's balance sheet . Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of berry common stock per aep share . Berry expects to realize cost synergies of $50 million or more annually . Berry intends to fund cash component of acquisition with existing cash and a new term loan, and has committed financing in place. . On a pro forma basis, berry's four quarters ended June 2016 adjusted free cash flow would increase by approximately $85 million to $560 million . AEP industries inc says upon closing, aep shareholders will own approximately 5 percent of berry on a fully diluted basis .Deal to be accretive to Berry's adjusted net income and adjusted free cash flow by more than 10 percent, after expected synergies.  Full Article

AEP Industries Q2 earnings per share $2.68
Thursday, 9 Jun 2016 08:00am EDT 

Aep Industries Inc : Aep industries inc says decrease in net sales for q2 of fiscal 2016 was result of a 7% decrease in average selling prices . Reports Fiscal 2016 Second Quarter And Year-To-Date results . Q2 earnings per share $2.68 .Q2 sales fell 4 percent to $273.2 million.  Full Article

BRIEF-AEP Industries entered into consent and amendment No. 3 to second amended and restated loan and security agreement

* AEP Industries Inc says on September 13 entered into consent and amendment No. 3 to second amended and restated loan and security agreement