International and affiliates of SGS & Co have entered into a definitive agreement under which Matthews will sell its

Barington Capital Group, L.P. ("Barington Capital") and certain of its affiliates (collectively "Barington" or "we"), a fundamental, value-oriented activist investor that beneficially owns approximately 1.

Shares of Matthews International rose after the company said it will sell its interest in SGK Brand Solutions, a packaging and branding agency, for $350 million. The stock was up 14%, to $30.92, on Wednesday. Shares, which have gained 42% over the last three months, are down 12% in the last 52 weeks.

Matthews International sells SGK Brand Solutions for $350 million, plans to use proceeds for debt repayment and retains stake in new entity.

Matthews to sell SGK to a newly formed entity created by affiliates of SGS & Co Matthews to realize upfront consideration of $350 million and receive 40% interest in new entity Initial enterprise valu