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TC Transcontinental to close its Saint-Hyacinthe printing plant in Quebec in April 2024; plant's activities will gradually be transferred to other plants in company's printing network, mainly to a plant located in Montreal

RĂ©mi Marcoux, founder of TC Transcontinental and a member of the board, says he is not seeking re-election as a director when his term ends March 13; company names him Founder Emeritus

CIBC conference highlights with Transcontinental: Cost reduction program expected to save C$20M-C$40M and generate C$100M from sale of its real estate assets; sustainable flexible packaging set to drive market share growth of packaging business

RBC Capital reaffirms Transcontinental at outperform and raises target by C$1 to C$20, citing better-than-expected Q4 results; ongoing cost efficiencies and easing destocking pressures could mean renewed year-over-year EBITDA growth in fiscal 2024/2025

CIBC maintains Transcontinental at outperformer, trims target C$1 to C$15 on heightened macro uncertainty; company expected to reduce debt, while its packaging business tied to food/beverage, pet food and pharmaceuticals is relatively recession resilient

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