secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2021-12-28T23:59:59+00:00
Accession:  0000850429-21-000079
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar sells ~18% kaléo stake for $47.1M cash, plus up to $14M contingent payments
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- Closed sale of 18% ownership in kaléo to Marathon Asset Management; received $47.1M cash proceeds.
- Potential post-closing adjustments up to $1.4M; contingent payments up to $5.6M (2023) and $8.5M (2024) based on kaléo revenue.
- Fair value of stake was $35.5M at Sept 30, 2021; cost basis $7.5M; received $17.6M dividend from kaléo in 2019.
- Expects to use ~$25M capital loss carryforwards to partially offset capital gains from the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042921000079/0000850429-21-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042921000079/tg-20211228.htm
  HTML page:      https://secwatch.observer/filing/0000850429-21-000079

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