Keystone is a packaging company that manufactures custom folding cartons for consumer and healthcare end markets.
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The move follows failed merger talks with Willkie Farr & Gallagher and a series of high-profile departures that undermined efforts to stabilize the firm.
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The deal would add Globalstar’s satellite assets to Amazon Leo’s network, expanding its presence in the space-based connectivity sector.
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The decision reflects ongoing concerns that inflation is proving more persistent than previously expected.
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The proposed combination would create a component services provider serving the outdoor recreation, housing and transportation markets.
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