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Georgia: Annual expenditures: $44,897
Housing costs in Georgia come in at $6,959, which is fourth-best in the nation and 28.7% below the U.S. average. That might be why you can find luxurious retirement communities in the Peach State.gobankingrates.com
Nucor Corporation (NUE): Nucor announced today that it has signed a definitive purchase agreement to acquire Cornerstone Building Brands’ insulated metal panels (IMP) business for a cash purchase price of $1 billion, or approximately 10x pre-pandemic EBITDA inclusive of expected synergies. Adjusting for the net present value of associated tax benefits, the realized effective purchase price for Nucor is approximately $900 million. The transaction is expected to close later this year, pending regulatory approvals. “Today’s announcement accelerates our vision to broaden value-added solutions that Nucor provides to our targeted end markets. Additionally, it enhances our strong financial position with attractive free cash flow conversion rates and accretive EBITDA margins,” said Leon Topalian, President and Chief Executive Officer of Nucor. “We are excited about this opportunity to acquire a historical leader and innovator in the quickly growing IMP product category serving the non-residential market. We are committed to finding new and better ways to meet our customers’ needs, and this acquisition is an excellent fit with Nucor’s long-term strategy to grow our core business and expand our product portfolio.” Nucor to Acquire Insulated Metal Panels Business from Cornerstone Building Brands (yahoo.com)
3M (MMM): 3M has worked with the U.S. Marshals Service in the Eastern District of Kentucky to stop the sale of more than one million suspected fake N95 respirators, as part of the company’s continuing global effort to combat pandemic fraud, counterfeiting, and price gouging. 3M helps U.S. Marshals seize over one million suspected counterfeit N95s from Kentucky warehouse (yahoo.com)
Eastman Chemical (EMN): Specialty chemicals provider, Eastman Chemical Company, has signed a deal to sell its global tire additives business to One Rock Capital Partners, LLC for $800 million, subject to working capital and other adjustments upon closure. Shares fell 1.3% to close at $126.74 on June 9. The deal, subject to certain regulatory and closing conditions, is expected to close in the second half of 2021. The sale is expected to be either neutral or accretive to adjusted EPS in 2022. Eastman Chemical Inks $800M Deal for Sale of Tire Additives Business (yahoo.com)
Kimberly-Clark (KMB): June is National Potty Training Awareness Month and Pull-Ups® understands how challenging potty training can be for both parents their kids. In fact, it can be such a challenge that parents ranked a pant that makes potty training as fun and easy as possible as the number one benefit a training pant brand could provide1. As the best-selling training pant in North America2, Pull-Ups understands parents needs and is proud to debut upgraded features that make potty training fun, fast and easy with new Disney music-themed graphics that fade when wet to help teach kids to stay dry. Pull-Ups® Announces Upgraded Product Features Based on Real Parent Feedback (prnewswire.com)
- Target (TGT) announced its next dividend of $0.90 per share, a 32% increase over the company’s previous payout of $0.68.
- Caterpillar (CAT) announced its next dividend of $1.11 per share, a 7.8% increase over the company’s previous payout of $1.03.
- Nucor (NUE) announced its next dividend of $0.405 per share, in line with the company’s previous payout.
- Franklin Resources (BEN) announced its next dividend of $0.28 per share, in line with the company’s previous payout.
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