Transcontinental Rises After Reset to Post-Special Distribution Trading Level

Dow Jones03-23 22:59

By Adriano Marchese

Transcontinental shares rose Monday after the company's shares began to trade at a new level following its special cash distribution tied to the sale of its packaging business.

Shares rose 38% to 4.63 Canadian dollars ($3.37).

Earlier in March, the company's board authorized a special cash distribution of C$20 a share, payable on March 20, after agreeing to sell its packaging division to Cincinnati, Ohio-based ProAmpac Holdings back in December for C$2.1 billion.

The company had previously disclosed that the shares would begin trading on an ex-distribution basis on March 23.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 23, 2026 10:59 ET (14:59 GMT)

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