Jun 04, 2020 activistcompany

Gamco Reduced Its Stake in Tredegar Corporation (TG)

Key Summary: In November 2013, Gamco proposed removing the poison pill, which Tredegar eliminated in February 2014.Gamco increased its stake to 17.42% by 2015 but reduced it to 11.64% by June 2020.

Market Cap: $426 million | Tredegar Corporation, through its subsidiaries, is engaged in the manufacture of polyethylene (PE) plastic films, polyester (PET) films, and aluminum extrusions.

In November 2013, Gamco presented a proposal to remove the poison pill.
In February 2014, the company announced that it had removed the poison pill.
On September 15, 2015, Gamco increased its stake from 5.39% in November 2007 to 17.42%.
On June 2, 2020, Gamco reduced its stake to 11.64%.

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