Apollo-owned Novolex to acquire Pactiv for USD 6.7-billion

2 days ago · Apollo Global Management-owned packaging company Novolex has inked a definitive agreement to acquire rival Pactiv Evergreen for USD 6.7-billion, leading to the merger of a combined entity. The deal is expected to be finalised by mid-2025.

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Apollo-owned Novolex To Take Packaging Products Maker Pactiv …

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Dec 9, 2024 · Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage …

reuters.com

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Novolex To Acquire Pactiv Evergreen In $6.7B Deal

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Dec 9, 2024 · In 2022, Apollo Funds acquired a majority stake in Novolex from Carlyle, which retained a minority stake. Affiliates of Apollo and the Canada Pension Plan Investment Board …

packagingdive.com

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Novolex To Merge With Pactiv Evergreen In $6.7bn Deal

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Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal valued at …

packagingindustrynews.com

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Novolex To Merge With Pactiv Evergreen In $6.7bn Deal - Yahoo …

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Dec 10, 2024 · Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal …

yahoo.com

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Apollo-backed Novolex And Pactiv Evergreen To Merge In $6.7bn …

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Dec 10, 2024 · Under the terms of the agreement, Novolex will acquire Pactiv Evergreen for $18 per share in an all-cash deal valued at $6.7 billion, inclusive of Pactiv Evergreen’s net debt.

pehub.com

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Pactiv Evergreen Acquired By Novolex For $6.7 Billion

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Dec 9, 2024 · This strategic move aims to bolster Novolex's food and beverage packaging position amidst a cautious economic environment. The acquisition involves an all-cash …

packworld.com

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Novolex Buying Pactiv Evergreen In $6.7B Deal

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Dec 9, 2024 · Novolex is the larger player in film, ranked at No. 6 in North America, according to Plastics News data, with $1.43 billion in sales for the region.Pactiv Evergreen comes in at No. …

plasticsnews.com

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Novolex, Pactiv Evergreen To Form Packaging Powerhouse In $6.7 …

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Dec 9, 2024 · A new North American packaging powerhouse combines Novolex and Pactiv Evergreen in a deal valued at $6.7 billion. Novolex, owned by Apollo Global Management, is …

plasticstoday.com

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Novolex, Pactiv Evergreen To Merge In $6.7B Deal

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Dec 10, 2024 · “Novolex and Pactiv Evergreen serve attractive end markets, and both companies have made tremendous progress in recent years to enhance their operations and strengthen …

recyclingtoday.com

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Apollo-owned Novolex To Take Packaging Products Maker Pactiv …

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Dec 9, 2024 · Novolex will offer $18 per share to take Pactiv private in an all-cash transaction, including debt, the companies said on Monday. The deal represents a 32.4% premium to …

yahoo.com

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Apollo's Novolex To Take Pactiv Evergreen Private In $6.7B Food ...

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Dec 9, 2024 · Apollo-backed Novolex, a manufacturer of food packaging products, has agreed to acquire Pactiv Evergreen in a take-private deal valued at $6.7 billion including debt, as …

pitchbook.com

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Novolex To Acquire Pactiv Evergreen For $18.00 Per Share In Cash

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Dec 9, 2024 · Under the terms of the agreement, Novolex will acquire Pactiv Evergreen for $18.00 per share in an all-cash transaction valued at $6.7 billion, inclusive of Pactiv Evergreen’s net …

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Pactiv Evergreen To Be Taken Private By Apollo-Backed Novolex In …

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Pactiv Evergreen (PTVE) agreed to be acquired and taken private by Novolex in an all-cash deal worth $6.7 billion, including debt, according to a joint Monday statement. Shareholders of …

msn.com

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Apollo-Backed Novolex To Buy Pactiv Evergreen For $3.22 Billion

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Dec 9, 2024 · Novolex, a packaging company backed by Apollo Global Management, struck a deal to buy publicly traded Pactiv Evergreen for around $3.22 billion Deal, valued at $6.7 …

wsj.com

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Megadeal: Novolex Acquires Pactiv Evergreen For 6.7 Billion US …

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Jan 1, 2025 · Under the terms of the agreement, Novolex will acquire Pactiv Evergreen for USD 18.00 per share. The transaction is valued at $6.7 billion, including Pactiv Evergreen's net debt …

beverage-world.com

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Apollo-Backed Novolex To Buy Pactiv Evergreen For $3.22 Billion

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Pactiv and Novolex said the deal, valued at $6.7 billion including debt, is slated to close in mid-2025. New York-based Apollo acquired a majority stake in Novolex in 2022 from fellow private ...

msn.com

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Apollo-Backed Novolex To Buy Pactiv Evergreen For $3.22 Billion

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Dec 9, 2024 · Novolex, a packaging company backed by Apollo Global Management, struck a deal to buy publicly traded Pactiv Evergreen for around $3.22 billion Meet the Stock-Split …

yahoo.com

FAQs about Apollo-owned Novolex to acquire Pactiv for USD 6.7-billion Coupon?

Will Apollo Global Management merge with Pactiv evergreen?

Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal valued at $6.7bn. Expected to finalise in mid-2025, the merger will position the entity in the food, beverage, and speciality packaging industry. ...

Will novolex buy Pactiv evergreen?

Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment. ...

How much money will Apollo contribute to Pactiv evergreen?

Affiliates of Apollo and the Canada Pension Plan Investment Board will contribute approximately $1 billion to support the Pactiv Evergreen purchase and will become a significant minority shareholder in the company after the transaction closes. Packaging news for industry leaders. ...

When will Pactiv & novolex close?

Pactiv and Novolex said the deal, valued at $6.7 billion including debt, is slated to close in mid-2025. New York-based Apollo acquired a majority stake in Novolex in 2022 from fellow private-equity firm Carlyle Group. Carlyle retained a minority stake in the company, according to a press release issued at the time. ...

Will novolex pay $18 a share in cash for Pactiv?

The companies Monday said Novolex will pay $18 a share in cash for Pactiv, a nearly 23% premium to Friday’s closing price of $14.66 for the Lake Forest, Ill., company and some 32% above the company’s closing price Dec. 2, before published reports said Apollo was exploring a takeover. Copyright © 2024 Dow Jones & Company, Inc. ...

How much does the Pactiv acquisition cost?

The acquisition involves an all-cash purchase of Pactiv for $18 per share, including debt, representing a 32.4% premium over Pactiv's closing price on December 2. ...