Veritiv Corp

NYSE:VRTV   1:25:35 PM EDT
47.85
+1.01 (+2.16%)
Debt Financing / Related, Layoffs, Products

Veritiv Corp Board Approves Expansion Of Restructuring Plan Previously Announced

Published: 12/21/2020 23:31 GMT
Veritiv Corp (VRTV) - Veritiv Corp - on Dec 16 Board Approved Expansion of Restructuring Plan Previously Announced on July 9, 2020.
Veritiv - Expansion to Result in Closure of Additional Warehouse Facilities, Repositioning of Inventory to Expand Service Radius, Other Actions.
Veritiv Corp - Expect Expansion to Generate Incremental Annualized Savings, in Range of About $12 to $22 Million Beginning in 2021.
Veritiv Corp - Estimate Expansion Will Result in Additional Cash Expenditures and Charges of Between $17 and $33 Million.
Veritiv Corp - Now Estimate That 2020 Restructuring Plan, As Expanded, Will Result in Total Cash Expenditures and Charges of Between $77 and $101 Million.
Veritiv Corp - Expect to Substantially Complete 2020 Restructuring Plan, As Expanded, by End of 2021.