Sealed Air Corporation announced the expiration of the 30-day "go-shop" period set forth in the Merger Agreement with funds affiliated with CD&R.
The transaction involves the acquisition of all outstanding shares of the Company's common stock for $42.15 per share in an all-cash transaction with an enterprise value of $10.3 billion.
Sealed Air actively solicited alternative acquisition proposals during the "go-shop" period, with six parties receiving access to non-public information about the company.
Acquisition Details
Funds affiliated with CD&R are set to acquire all outstanding shares of Sealed Air for $42.15 per share in an all-cash transaction totaling $10.3 billion.
Go-Shop Period
30-day period for seeking alternative acquisition proposals expired without any party becoming an "Excluded Party" as defined in the Merger Agreement.
Transition to Private Company
Upon closing the transaction, Sealed Air will become a privately held company, delisting its common stock from the NYSE.
- The expiration of the "go-shop" period marks a significant milestone in the acquisition process, solidifying the agreement with CD&R.
- Sealed Air's shift to a privately held company reflects a strategic move in the packaging industry, emphasizing future growth and market positioning.
The closure of the transaction in mid-2026 will mark a new chapter for Sealed Air Corporation as it transitions to a privately-owned entity under the acquisition agreement with CD&R.