Overview
- The agreement values Sealed Air at roughly $10.3 billion and targets a mid-2026 closing, pending customary approvals.
- Shareholders would receive $42.15 in cash per share, with a 30-day go-shop plus 15 extra days to negotiate with any qualified bidder.
- Law firm Wohl & Fruchter launched an investigation into whether the board acted in shareholders’ best interests and whether disclosures were sufficient.
- The firm noted the price trails analyst targets cited from TipRanks, including Wells Fargo at $46 and Truist at $45.
- Shares fell 3.37% to $41.83 on Monday as the company cited CD&R’s backing to invest in its Food and Protective units, and the terms reflect a 41% premium to Aug. 14 and 24% to the 90-day VWAP.