Exclusive: Activist investor Ancora pushing Bubble Wrap maker to sell

Exclusive: Activist investor Ancora pushing Bubble Wrap maker to sell

Activist hedge fund Ancora has a big stake in Bubble Wrap-maker Sealed Air, and has been quietly pushing the company for months to sell itself — something it is now in advanced talks to do, according to people familiar with the matter. Private-equity firm Clayton, Dubilier & Rice is nearing a deal to buy $5 billion Sealed Air, according to the people. The deal, though not Ancora’s pressure, was earlier reported by The Wall Street Journal. Activi…