Tredegar Corporation (NYSE:TG, also “Tredegar”) today reported that its approximate 18% ownership interest in kaleo, Inc (“kaléo”) is expected to be sold pursuant to an agreement dated November 28, 2021, whereby Marathon Asset Management will be providing kaléo shareholders a full liquidity event opportunity (the “Transaction”). Closing of the Transaction, which is contingent upon the satisfaction of customary conditions, is anticipated to occur by December 31, 2021.
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