Sealed Air Corporation, a global provider of packaging solutions, is set to be acquired by funds affiliated with CD&R for $10.3 billion in an all-cash transaction.
Stockholders will receive $42.15 per share in cash, representing a 41% premium to the unaffected share price.
The transaction, unanimously approved by Sealed Air's Board of Directors, is expected to close in mid-2026, subject to various approvals and customary closing conditions.
Premium Acquisition
Stockholders will receive a 41% premium to the unaffected stock price of Sealed Air, adding significant value for investors.
CD&R's Investment
The acquisition by CD&R, a private investment firm, reflects confidence in Sealed Air's business and growth potential.
Go-Shop Period
Sealed Air has a 30-day "go-shop" period to solicit acquisition proposals from third parties, potentially leading to a superior offer.
- The acquisition signals a new phase of growth for Sealed Air, enabling accelerated transformation and value creation for stockholders.
- CD&R's commitment to support investment in Sealed Air's businesses is expected to enhance innovation, capabilities, and customer value.
The acquisition by CD&R marks a significant milestone in Sealed Air's history, promising enhanced growth prospects and value for stakeholders. The company looks forward to the next chapter under private ownership.