secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000043920-22-000077
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif acquires Lee Container for $300M cash; reaffirms FY22 EPS guidance
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- Purchase price $300M in cash from existing credit facility; estimated $30M NPV of tax benefits.
- Lee Container had trailing 12mo sales of $162M and adjusted EBITDA of $33M through Sep 30, 2022.
- Expects $6M in cost synergies within two years; transaction expected to close by end of 2022.
- Reaffirms FY2022 EPS guidance of $7.90-$8.10 on better pricing offset by weaker volumes in EMEA/APAC.
- Acquisition solidifies Greif's jerrycan and small plastic bottle footprint in North America.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000077/0000043920-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392022000077/gef-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000043920-22-000077

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