I think a merger of PPG and CKL makes sense. PPG would likely sell its rigid plastics business to PGH so it has more capital for flexible business purchases/mergers and distribution businesses.
The management changes, namely new chairman and CEO next month are a prelude IMO to some bigger corporate moves. Both of these gentlemen have much more experience with larger corporate and specifically packaging businesses, not to mention they are close Ruffy associates.
CKL Price at posting:
51.0¢ Sentiment: Hold Disclosure: Not Held