Novolex to combine with Pactiv Evergreen, creating a leading food and beverage packaging maker

Novolex and Pactiv Evergreen agreed to combine into a food, beverage and specialty packaging manufacturer, with Pactiv shareholders receiving $18.00 per share in cash. CPP Investments will contribute about US$1 billion and become a significant minority shareholder.

“Novolex and Pactiv Evergreen Inc. ... announced today they have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products.”cppinvestments.com

• 6 sources
• cppinvestments.comNovolex and Pactiv Evergreen Inc. to Combine, Establishing a Leading Manufacturer in Food and Beverage Packaging | CPP InvestmentsDec 9, 2024
• reuters.comApollo-owned Novolex to take packaging products maker Pactiv private in $6.7 bln dealDec 9, 2024
• privateequityinternational.comApollo-backed Novolex and Pactiv Evergreen to merge in $6.7bn dealDec 10, 2024
• davispolk.comPactiv Evergreen $6.7 billion acquisition by Novolex | Davis PolkDec 11, 2024
• packagingworldinsights.comNovolex and Pactiv Evergreen Inc. to Combine, Establishing a Leading Manufacturer in Food and Beverage Packaging

Summarized from public sources; check the original articles before acting on it.