Pactiv Evergreen Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition by Novolex

Core Points - Pactiv Evergreen Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to its acquisition by Novolex for $18.00 per share in cash [1][2] - The transaction is expected to close in the second quarter of 2025, pending foreign antitrust approvals and other customary closing conditions [2] - Upon completion, Pactiv Evergreen will become a privately held company, and its common stock will no longer be listed on Nasdaq [2] Company Overview - Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandising products, as well as fresh beverage cartons in North America [3] - The company produces a wide range of products designed to protect, package, and display food and beverages, many of which are made from recycled, recyclable, or renewable materials [3] - Its products are sold to a diverse customer base, including restaurants, foodservice distributors, retailers, and food and beverage producers [3]