CG Stocks News Ring! Kimberly Clark Corp (KMB), Ball Corporation (BLL)
Shares of Kimberly Clark Corp (NYSE:KMB) ended Friday session in red amid volatile trading. The shares closed down -0.22 points or -0.18% at $123.01 with 1.40 million shares getting traded. Post opening the session at $123.89, the shares hit an intraday low of $122.12 and an intraday high of $124.09 and the price vacillated in this range throughout the day. The company has a market cap of $44.16 billion and the numbers of outstanding shares have been calculated to be 359.64 million shares.
Kimberly Clark Corp (KMB) announced that chief human resources officer Liz Gottung plans to retire at the end of 2016. The company has named Scott Boston as Gottung’s successor.
Boston, who joined the company in 2011, has led global HR talent management and been responsible for leading HR within Kimberly-Clark International. He will become senior vice president and chief human resources officer (CHRO) effective January 1, 2017 and will work with Liz to ensure a smooth transition.
“Liz has been an outstanding partner and HR professional throughout her career at K-C,” said Thomas J. Falk, chairman and CEO of Kimberly-Clark. “I am grateful for her leadership and contributions to strengthening our business, our talent and our culture.”
Shares of Ball Corporation (NYSE:BLL) ended Friday session in red amid volatile trading. The shares closed down -1.22 points or -1.53% at $78.32 with 665,718 shares getting traded. Post opening the session at $79.83, the shares hit an intraday low of $78.18 and an intraday high of $79.83 and the price vacillated in this range throughout the day. The company has a market cap of $13.43 billion and the numbers of outstanding shares have been calculated to be 174.23 million shares.
Ball Corporation (BLL) announced an agreement to sell its specialty tin manufacturing facility in Baltimore, Maryland, to U.S.-based Independent Can Company for approximately $25 million.
The transaction is expected to close during the fourth quarter of 2016 and the proceeds are subject to customary closing adjustments.
“We continue to focus on maximizing value and generating positive EVA® dollars in our core businesses,” said Jim Peterson, chief operating officer, food and aerosol packaging. “While parting with dedicated employees is difficult, the Baltimore plant is an ideal complement to ICC’s specialty tin can-focused business and this agreement helps Ball to better align with our strategic focus on food and aerosol packaging.”