---
schema_version: "secwatch.filing_event.v1"
accession: "0000850429-21-000077"
form_type: "8-K"
ticker: "TG"
cik: "0000850429"
company_name: "TREDEGAR CORP"
filed_at: "2021-11-29T23:59:59+00:00"
generated_at: "2026-06-28T05:14:30.619699+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tredegar to sell 18% kaleo stake for $45.8M; Marathon Asset Management provides liquidity event

## Summary
- Tredegar expects cash proceeds of $45.8M from sale of 3,382,473 kaleo shares at $13.53 per share (including accrued dividends).
- Potential additional payments: up to $1.4M within 6 months of closing, and up to $5.5M in 2023 and $8.3M in 2024 based on kaleo revenue targets.
- Estimated fair value of investment was $35.5M as of Sep 30, 2021; aggregate cost basis was $7.5M with a tax basis of $15.4M.
- Tredegar received a $17.6M cash dividend from kaleo in April 2019; expects to use $25M capital loss carryforwards to offset gains.
- Closing anticipated by December 31, 2021, subject to customary conditions.

## SEC filing metadata
- accession: 0000850429-21-000077
- form_type: 8-K
- ticker: TG
- cik: 0000850429
- company_name: TREDEGAR CORP
- filed_at: 2021-11-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850429/000085042921000077/0000850429-21-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850429/000085042921000077/tg-20211129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000850429-21-000077
- JSON: https://secwatch.observer/filing/0000850429-21-000077.json
- Plain text: https://secwatch.observer/filing/0000850429-21-000077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.