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Stock impact report

Bubble Wrap Maker Sealed Air Sold for $6.2 Billion, Here's Who's Taking Over [Yahoo! Finance]

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: Yahoo! Finance
Key Takeaways Sealed Air agreed to a $6.2 billion buyout by private equity firm CD&R. The deal pays investors in the maker of bubble wrap $42.15 per share, below Friday's closing price of $43.28. Sealed Air ( SEE ) shares slid about 3% Monday afternoon, after the maker of bubble wrap agreed to be taken private by private equity firm CD&R in a $6.2 billion deal. The Charlotte, N.C.-based company said the all-cash purchase would pay investors $42.15 per share, 2.6% below its closing price Friday. However, that was still some 16% above last Wednesday's closing price of $36.38, before reports emerged that CD&R was near a deal. Why This News Is Significant Private equity firms have been active buyers in the packaging and industrials sector as companies face higher costs and uneven demand. Transactions like this one to take the companies private illustrate the trend of investors looking to restructure longtime manufacturers outside of public markets where they would face higher Show less Read more
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