Nov 27 (Reuters) - Transcontinental Inc TCLa.TO :
* TC TRANSCONTINENTAL ENTERS INTO A DEFINITIVE AGREEMENT WITH HOOD PACKAGING CORPORATION FOR THE SALE OF ITS PAPER AND WOVEN POLYPROPYLENE PACKAGING OPERATIONS
* TRANSCONTINENTAL INC - DEAL FOR PRICE OF US$180 MILLION (ABOUT C$239 MILLION )
* TRANSCONTINENTAL INC - ANTICIPATES USING NET PROCEEDS FROM TRANSACTION TO REDUCE DEBT IN LINE WITH ITS GOAL
* TRANSCONTINENTAL INC - ABOUT 415 EMPLOYEES WILL TRANSFER TO HOOD PACKAGING AFTER CLOSING OF DEAL
* TRANSCONTINENTAL INC - PAPER AND WOVEN POLYPROPYLENE PACKAGING OPERATIONS GENERATED ABOUT US$215 MILLION IN REVENUE FOR FISCAL 2019