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Speculating a possibility, page-14

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JCoure

35,426 Posts.

916

10/03/15

17:11

Post #: 14890520
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Originally posted by bottomfeeder1 ↑

When I really think about it the most logical merger would be CKL and PPG!

PGH is a great plastics packaging business. I do not believe throwing in other forms of packaging would benefit its model.

Hence the strategy could well be;
PPG merge with CKL. PPG can then become the distribution arm of CKL and be able to go to customers with a whole of packaging solution. PPG's rigid plastics business is a dog and the best solution would be to close it down and get PGH to manufacture on behalf of PPG making PPG a pure distribution player on the rigid's side.

PPG has more in common with CKL than does PGH!

Without checking the details Ruffy Owns 47.64% of PPG personally its not PGH that owns PPG. and Ruffy also owns 16.09% of CKL personally once again not through PGH.

Keeping in mind PPG and CKL do not compete with PGH so Ruffy holding these investments personally is not a conflict, however if PGH was to acquire any of these businesses it may well be considered a conflict.

My view combining PPG and CKL will increase the critical mass of the business and re-rate the total enterprise.

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AMC and PGH r now doing much better but CKL's SP has barely moved.

CKL Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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