---
schema_version: "secwatch.filing_event.v1"
accession: "0000850429-24-000021"
form_type: "8-K"
ticker: "TG"
cik: "0000850429"
company_name: "TREDEGAR CORP"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T14:15:46.771239+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Brazilian competition authority approves Tredegar's sale of Terphane to Oben Group; closing expected Nov 1

## Summary
- Brazil's CADE approved a merger control agreement on Oct 16, 2024, allowing Tredegar to sell Terphane to Oben Group.
- Base consideration for Terphane is $116 million net cash-free and debt-free.
- Tredegar expects after-tax net cash proceeds of $85 million, including $78 million at closing and $7 million from escrow release.
- Transaction closing is planned for November 1, 2024, subject to post-closing commitments by Oben Group.

## SEC filing metadata
- accession: 0000850429-24-000021
- form_type: 8-K
- ticker: TG
- cik: 0000850429
- company_name: TREDEGAR CORP
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850429/000085042924000021/0000850429-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850429/000085042924000021/tg-20241016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000850429-24-000021
- JSON: https://secwatch.observer/filing/0000850429-24-000021.json
- Plain text: https://secwatch.observer/filing/0000850429-24-000021.txt

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