secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001193125-23-250874
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mativ signs definitive agreement to sell Engineered Papers business for $620M cash
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- Purchase Agreement countersigned Oct 4, 2023 after French works council consultation completed.
- Base purchase price of $620M in cash, subject to customary closing adjustments for working capital, cash, debt, and transaction expenses.
- Closing subject to regulatory approvals including antitrust clearances in U.S., Poland, and Turkey.
- Transaction expected to close upon satisfaction or waiver of customary closing conditions.
- Proceeds anticipated to be used for debt reduction and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000119312523250874/0001193125-23-250874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000119312523250874/d537518d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-250874

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