Mativ announces proposed sale of engineered papers business for $620 million

Alpharetta, ga.--(business wire)--mativ holdings, inc. (“mativ” or the “company”) (nyse: matv) announced today that it has received a binding offer from evergreen hill enterprise, pte. ltd., to acquire mativ's engineered papers business (“ep”), part of mativ's fiber based solutions reporting segment, for $620 million. subject to customary closing date adjustments, mativ expects to receive net proceeds (net of taxes and other items) of approximately $575 million in the proposed transaction, whic.
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