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Integrated Packaging Group agreed a merger with Pro-Pac Packaging in a share sale deal valued at $177.5 million, creating a flexible packaging leader across Australia and New Zealand. Shareholder vote is expected end of October with tentative completion November 6, 2017.
“A new "transformative merger" has been announced, with Integrated Packaging Group joining Pro-Pac Packaging in a $177.5 million share sale deal.”integratedpackaging.com.au
Summarized from public sources; check the original articles before acting on it.