Clayton Dubilier & Rice agreed to buy Sealed Air Corp. in a deal valuing the packaging company that invented Bubble Wrap at $6.2 billion.
The private equity firm will pay $42.15 a share for Charlotte, North Carolina-based Sealed Air, according to a statement Monday. That’s slightly below Friday’s closing price of $43.28 a share, after reports that CD&R was weighing a takeover.
The deal has an enterprise value of $10.3 billion, according to the statement. Bloomberg News reported Sunday that CD&R was close to announcing an acquisition of Sealed Air.
Sealed Air shares fell 3.2% to $41.90 as of ...
