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Firm releases a statement defending its stock selloffs
Wednesday, 15 March 2023 21:07

LAKE FOREST, Ill. — Pactiv Evergreen, which recently announced the closing of its mill in Canton, N.C., sent out a statement late afternoon March 9 about the stock selloffs.

The statement reads:

“The sales that were reported in our SEC filings on Monday were sales automatically done/scheduled in advance by the company... to cover legally required tax withholding and were not discretionary sales made by the executives.”



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