secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2021-11-29T23:59:59+00:00
Accession:  0000850429-21-000077
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042921000077/0000850429-21-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042921000077/tg-20211129.htm
  HTML page:      https://secwatch.observer/filing/0000850429-21-000077

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