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Gallus event highlights low migration Labelfire

Gallus event highlights low migration Labelfire
labelsandlabeling.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from labelsandlabeling.com Daily Mail and Mail on Sunday newspapers.

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Market reacts to Heidelberg-Gallus situation

Market reacts to Heidelberg-Gallus situation
Jo Francis
Monday, February 1, 2021
Heidelberg’s share price fell by more than 14% as the stock market reacted to the news that its deal to sell Gallus had fallen through.
“Gallus will remain with Heidelberg and nothing will change for Gallus customers.
In a shock announcement on Friday evening (29 January), after the close of trading on Germany’s DAX exchange, Heidelberg said that the €120m (£106m) sale of the label press manufacturer to Benpac Holding did not complete.
Today (1 February) Heidelberg’s shares were down 14.6% at €1.11 in early trading. The price then recovered slightly to €1.15.
Towards the end of last year Heidelberg’s share price had risen sharply to a new 52-week high of €1.39 (low: €0.47). ....

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