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Veritiv Corp - VRTV STOCK NEWS

Welcome to our dedicated news page for Veritiv (Ticker: VRTV), a resource for investors and traders seeking the latest updates and insights on Veritiv.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Veritiv's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Veritiv's position in the market.

Rhea-AI Summary
Veritiv Corporation (VRTV) has been acquired by an affiliate of Clayton, Dubilier & Rice, LLC (CD&R) for $2.6 billion, resulting in the company becoming privately held. The completion of the acquisition marks an important milestone for Veritiv, as it secures significant investment from CD&R, enabling the company to continue enhancing its innovative and sustainable solutions for customers. With the cessation of Veritiv's common stock trading on the New York Stock Exchange, the company is poised for accelerated growth and value creation opportunities under the leadership of Chairman John Stegeman.
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Veritiv Corporation stockholders vote in favor of pending acquisition by Clayton, Dubilier & Rice
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Veritiv certified as a Top 100 Most Loved Workplace by Newsweek and named to Fortune's World's Most Admired Companies List
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Veritiv Corporation (NYSE: VRTV) reports a decrease in net income and diluted EPS for the second quarter of 2023, despite record second quarter Adjusted EBITDA margin. The company announced an agreement with CD&R to acquire Veritiv, highlighting the team's hard work and dedication, and the transaction's potential to deliver substantial value to shareholders.
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Veritiv Corporation to be acquired by CD&R for $170 per share in cash, representing a 31% premium. Transaction expected to close in Q4 2023. Quarterly dividend of $0.63 per share approved.
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Veritiv Corporation (NYSE: VRTV) will host a live conference call and webcast to discuss its second quarter 2023 financial results on Tuesday, August 8, at 9 a.m. ET.
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Veritiv Corp

NYSE:VRTV

VRTV Rankings

VRTV Stock Data

2.31B
9.87M
4.1%
100.74%
2.6%
Printing and Writing Paper Merchant Wholesalers
Wholesale Trade
Link
US
Atlanta

About VRTV

veritiv corporation (nyse: vrtv) is a leading north american business-to-business distributor of print, publishing, packaging, facility, and logistics solutions. with approximately 8,900 employees and $9 billion in revenue, we serve customers across virtually every industry. our history goes back more than 150 years, and our legacy companies achieved past success by upholding high standards of efficiency, integrity, accountability, and customer focus. we leverage this rich history as one team shaping success through exceptional service, innovative people, and consistent values. veritiv has an expansive north american network with more than 180 locations, and we do business with more than half of the fortune 500. we’re a big company, but we’re also a new company, shaping our systems and processes to support a successful and sustainable future.