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-0.000119474313022761 0 0.000597371565113467 0.00107526881720434 0.0029868578255675 0.0025089605734768 0.00119474313022693 0.00167264038231781
Stock impact report

Bubble Wrap maker Sealed Air to go private in US$10.3 billion CD&R deal [BNN Bloomberg (Canada)]

Sealed Air Corporation (SEE) 
Last sealed air corporation earnings: 2/11 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.sealedair.com
Company Research Source: BNN Bloomberg
Under the agreement, Sealed Air shareholders will receive $42.15 in cash per share, a nearly 13 per cent premium to its closing price on November 11. Sealed Air, which was founded in 1957 as an experiment in interior design, is best known for its protective packaging material, Bubble Wrap. Last week, news outlet Semafor reported that activist investor Ancora, which holds more than 2 per cent of Sealed Air as per data compiled by LSEG, had been pressuring the company to pursue a sale. “CD&R's partnership will enhance our ability to invest in growing our Food and Protective businesses,” said Dustin Semach, CEO of Sealed Air. The Charlotte, North Carolina-based company caters to food and e-commerce retailers, industrials and firms in the medical and life sciences businesses. In the third quarter ended September 30, net sales in its food segment were flat while those in the protective segment fell 3 per cent, on a constant-currency basis. The packaging company's deal with CD& Show less Read more
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