Appvion, Inc. announced that the U.S. Bankruptcy Court for the District of Delaware approved the sale of substantially all of the Company's assets to a group of its lenders led by Franklin Advisers, Inc. The sale is expected to be completed by the end of May. The Purchaser submitted the previously announced stalking horse bid on February 8, 2018. Under the terms of the executed asset purchase agreement filed with the Bankruptcy Court, the total consideration is approximately $340 million plus the assumption of substantial liabilities, including many of the Company's contractual obligations. The transaction will substantially reduce Appvion's debt from approximately $585 million to less than $175 million and provide additional liquidity to fund the Company's operations. Kevin Gilligan, Chief Executive Officer of Appvion, said, "We are pleased to receive the Court's approval of the sale of our company to a group of our lenders who have been long-term supporters of Appvion. Their continued investment is a vote of confidence in the future of our business." Click Read More below for additional information.

Kimberly-Clark announced the organizational structure and key leadership that will become effective upon completion of its pending acquisition of Kenvue Inc. Kimberly-Clark and Kenvue first announced the $48.7 billion deal on Nov. 5, 2025. Some of Kenvue's well-known brands include Tylenol, Aveeno, BAND-AID Brand, Johnson's, Listerine and Neutrogena. After close, the combined company will operate with four business segments, each driving a focus on winning in its local markets. The transaction remains on track to close in the second half of 2026, subject to the receipt of regulatory approvals and satisfaction of other remaining customary closing conditions.

International Paper Company confirmed that the company will not make an offer for Smurfit Kappa Group plc, given the lack of engagement by Smurfit Kappa's Board of Directors and Management. In February 2018, International Paper provided representatives of Smurfit Kappa's Board of Directors with a proposal to acquire the company. Following discussions with shareholders of both companies, IP put forward a revised proposal on March 26, 2018. IP believes the revised proposal was highly attractive and formed a sound basis for engagement, which the company viewed as essential to determining the full value potential of the combination. Click Read More below for additional information.