Mergers and Acquisitions - Claytion Dubilier & Rice is considering acquiring Sealed Air [1] Company Information - Sealed Air is a packaging company known for inventing Bubble Wrap [1]

Core Insights - Essity has agreed to acquire Edgewell Personal Care's feminine care business for USD 340 million, enhancing its position in the North American hygiene market [1][3] - The acquisition includes well-known brands such as Carefree, Stayfree, and o.b., as well as global rights for Playtex and a production facility in Dover, Delaware [1][3] - The deal is expected to close in the first quarter of 2026, pending regulatory approvals [1] Financial Summary - The purchase price of USD 340 million represents an EBITDA multiple of approximately 12.1x based on pro-forma IFRS as of June 30, 2025, and 8.3x when including estimated run-rate synergies [1] - For the 12 months ending June 30, 2025, the acquired business reported net sales of USD 261 million and a segment operating profit of USD 17 million [1] Strategic Implications - This acquisition aligns with Essity's strategy to focus on high-margin categories and strengthen its market position in the US, the largest hygiene market globally [1] - Essity aims to leverage its established success in the feminine care sector to grow the acquired brands [1]

Core Viewpoint - Commercial Metals Company (CMC) plans to offer $2,000 million in new senior unsecured notes to fund the acquisition of Foley Products Company and for general corporate purposes [1][3]. Offering Details - The final terms of the offering will be determined at the time of pricing, and the notes will rank equally with CMC's existing and future senior unsecured indebtedness [2]. - The offering is not contingent upon the closing of the Foley Acquisition, and if the acquisition is not completed by October 15, 2026, CMC will redeem the notes at 100% of the initial issue price plus accrued interest [4]. Use of Proceeds - The net proceeds from the sale of the notes will be used to fund the Foley Acquisition, transaction-related fees, and general corporate purposes [3]. Regulatory Compliance - The notes will be offered only to qualified institutional buyers and certain non-U.S. persons, and will not be registered under the Securities Act [4][5]. Company Overview - CMC is an innovative solutions provider in the construction sector, offering products and technologies to meet reinforcement needs across various applications [6].

L’Oréal is selling at least €1.5 billion) of bonds in a three-part deal to help finance its acquisition of Kering Beauté https://t.co/AHjcjCb1ge ...

Parker-Hannifin agreed to buy Filtration Group from Madison Industries for $9.25 Billion, building out the manufacturer’s industrial filtration business https://t.co/pX6x9irPX2 ...

Core Insights - Flexible Solutions International, Inc. (FSI) is focused on developing biodegradable polymers for various applications including oil extraction, detergents, water treatment, and crop nutrients [1][3] - FSI recently made an acquisition offer for 70% of a medium-sized agriculture company in Indiana, which was declined by the target's Board without a vote [2] - The CEO of FSI expressed disappointment over the declined offer, highlighting the potential synergies between FSI and the target company [3] Company Overview - FSI is based in Taber, Alberta, and specializes in environmental technology, particularly biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers [3] - The company has expanded into the food and nutrition supplement market, obtaining FDA food grade approval for its Peru, IL plant in 2022 [3] - FSI's other divisions focus on manufacturing energy and water conservation products for various markets including drinking water, agriculture, and industrial applications [3] Acquisition Details - The acquisition offer was structured as 5 times the full year 2025 EBITDA plus an additional 2.5 times the full year 2025 EBITDA based on performance over three years [2] - FSI has decided not to increase its offer, believing it represents full value, and has removed the debt financing initially planned for the acquisition [2]

Acquisition Funding - Verizon initiated a corporate bond offering to finance its acquisition of Frontier [1]

🚨UPDATE: @BYBIT PURSUES KORBIT ACQUISITION TO SPEED UP GLOBAL CRYPTO EXPANSION INTO SOUTH KOREA ~ MAEIL BUSINESS NEWSPAPER ...

Financial Data and Key Metrics Changes - The company reported a net sales growth of 9.4% in Q4 2025, reaching $380.8 million, driven by strong volume gains and improved pricing [7][18] - For the full year, net sales increased by 8.7% to over $1.4 billion, with adjusted EBITDA growing 14.6% year-over-year to a record $326 million [9][10] - Adjusted net income per share rose 73% year-over-year to $0.38 in Q4 and increased approximately 37% year-over-year to $1.31 for the full year [8][10] Business Line Data and Key Metrics Changes - The Water Management Solutions (WMS) segment saw net sales increase by 10.4% year-over-year to $163.3 million, driven by volume growth in hydrants and repair products [21] - The Water Flow Solutions (WFS) segment reported net sales growth of 8.6% year-over-year to $217.5 million, supported by volume growth in iron gate and specialty valves [21] Market Data and Key Metrics Changes - The company anticipates a slowdown in residential construction, projecting a decline in the high single-digit range, while municipal repair and replacement growth is expected to be in the low to mid-single-digit range [34][35] - The municipal market remains resilient, with strong volume growth observed in 2025, particularly in iron gate valves and specialty products [35] Company Strategy and Development Direction - The company plans to continue investing in capital expenditures, targeting 4-5% of net sales over the next three years to enhance domestic capabilities and expand production [16][26] - Strategic investments will focus on operational efficiencies, digital customer experience, and new product offerings to drive future growth [14][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued net sales growth and margin expansion in 2026, despite external uncertainties [10][28] - The company expects consolidated net sales for 2026 to range between $1.45 billion and $1.47 billion, reflecting year-over-year growth of 1.4% to 2.8% [24][25] Other Important Information - The company achieved a record gross margin of 36.1% for the full year, an increase of 120 basis points compared to the prior year [19] - Free cash flow for the year exceeded expectations at $172 million, representing 84% of adjusted net income [23] Q&A Session Summary Question: How did Muni and residential market sales shake out in fiscal 2025? - Management indicated that residential construction is expected to decline in the high single-digit range, while municipal repair and replacement growth will be in the low to mid-single-digit range [34] Question: Can you provide more detail on the anticipated benefits of the initiatives and investments? - Management noted that capital investments in iron foundries will not yield immediate margin benefits but are expected to support future growth and capacity [36] Question: How should we think about inventory in the channel and backlog? - Management believes channel inventory is normalized for most product lines and is monitoring for any tariff-related buying ahead [56] Question: What impact has the government shutdown had on the business? - Management stated that most spending comes from the municipal level and they have not seen any noticeable impacts from the government shutdown [68] Question: Can you provide an update on the warranty charge? - The warranty charge is related to metering products within the WMS segment, with adjustments made based on historical failure rates [70]

A group of Wall Street banks are considering bringing in private credit firms on a portion of a $12.25 billion debt financing to support Blackstone and TPG’s acquisition of medical device-maker Hologic, according to people with knowledge of the matter https://t.co/DpYzJnxmI7 ...