On February 25, 2025, Matthews International Corporation announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. This relates to its proposed sale of SGK Brand Solutions to a newly formed entity created by affiliates of SGS & Co.
The expiration of the HSR waiting period is a significant step towards the completion of the transaction. The parties now anticipate closing the divestiture in the next fiscal quarter, subject to the receipt of remaining foreign anti-trust regulatory approvals.
This development reduces regulatory hurdles for the strategic divestiture, which is expected to streamline Matthews' corporate structure and provide substantial cash proceeds for debt reduction.
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