Consumer Biz Recap: Walgreen Cooperates With Alliance Boots, Energizer Shares Are Energized
Walgreen Co. (NYSE:WAG) anticipates close to a billion dollars’ worth of synergies subsequent to copperating closely with Alliance Boots. The firm has established a worldwide synergy team to strategically obtain value from of the pairing, and expects to realize between a $100 million and a $150 million synergy boost in the first year.
Don’t Miss: Lowe’s Withdraws This $1.8 Billion Proposal.
Shares of battery maker Energizer Holdings, Inc. (NYSE:ENR) pop after word that it expects to save between $175 million and $200 million annually following an assessment of its cost structure and operating model. The company says that initiatives in the pipeline will begin accruing in the second half of its fiscal year 2013.
Vendors of packaging products such as Packaging Corporation Of America (NYSE:PKG), Rock Tenn Co. (NYSE:RKT), and International Paper Co. (NYSE:IP), could benefit in pricing from containerboard inventory control, according to Longbow Research. The investment company’s comment comes from watching stocks in the sector reverse a summer rally, after the likelihood of an industry-wide price hike began to fade because it was not assured that producers could hold an increase.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>