New Zealand’s richest man, Graeme Hart, has sold out of his majority-owned US packing firm Pactiv Evergreen for US$2.5 billion ($4.3b). US packaging...

NZ Herald

Auckland

New Zealand

NZ's richest man Graeme Hart exits Pactiv Evergreen for US$2.5b

Media Bias/Fact Check

New Zealand Media and Entertainment

(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment. Novolex will offer $18 per share to take Pactiv private in an all-cash transaction, including debt, the companies said on Monday.  The deal represents a 32.4% premium to Pactiv’s closing price on Dec. 2, a day before Bl…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

United States

Apollo-owned Novolex to take packaging products maker Pactiv private in $6.7 billion deal - Blue Water Healthy Living

CANTON — Haywood residents who took a chance on investing in Pactiv Evergreen when it went public in 2020 can cash out at a significant profit, as the company is

The Mountaineer

Pactiv to sell out; impact on Canton mill is uncertain

In a significant move that promises to reshape the landscape of food and beverage packaging, Novolex, a leading provider of packaging solutions, and Pactiv Evergreen Inc. (NASDAQ: PTVE), a major player in the Containers & Packaging sector, have announced their plans to combine operations. This merger is poised to create a powerhouse in the packaging industry, capitalizing on synergies and expanding capabilities that could reconfigure market dyna…

csimarket.com

#A Strategic Union: Novolex and Pactiv Evergreen Inc. Set to Revolutionize Food and Beverage Packaging Industry

The National Business Review Online is New Zealand's authority in breaking business news and analysis.

nbr.co.nz

Hart cashes up in US$3.2b Pactiv deal - NBR | The Authority since 1970

Packaging maker Novolex Holdings is taking over competitor Pactiv Evergreen Inc., in a deal worth approximately US$6.7 billion. According to a Dec. 9 news release, upon the merger’s completion, Pactiv Evergreen will become a privately held company, and its common stock no longer will be listed on Nasdaq. Novolex develops and manufactures packaging for the food service, delivery and carryout, food processor, and industrial markets. Pactiv Evergre…

NZ's richest man Graeme Hart exits Pactiv Evergreen for US$2.5b

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics