Sold to Reynolds Group for USD 6 bn / Deal to be finalised this year
Packaging and storage products manufacturer Reynolds Group Holdings (Chicago, Illinois / USA; has reached a definitive agreement to acquire fellow US packaging producer Pactiv (Lake Forest, Illinois; The deal is valued at about USD 6 bn.

Pactiv’s board has unanimously approved the deal, under which the company’s shareholders will receive USD 33.25 per share of common company stock. That, the group says, constitutes a premium of about 39% over Pactiv’s closing price of USD 23.97 on 14 May 2010.

The agreement still has to meet the approval of Pactiv’s shareholders and regulators, which is expected to be forthcoming by the end of this year. Reynold's is a wholly owned subsidiary of the New-Zealand-based Rank Group (, which is owned by Graeme Hart. In 2008, Rank had acquired the packaging business of Alcoa (Pittsburgh, Pennsylvania / USA, – see of 04.01.2008.
25.08.2010 [217101]
Published on 25.08.2010
Pactiv: Grünes Licht für Übernahme durch die Reynolds GroupGerman version of this article...

© 2001-2020  |  Imprint  |  Privacy is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by, Bad Homburg
Date of print: 12.08.2020 19:35:21   (Ref: 508843420)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: