Pactiv Evergreen Inc. Announces Receipt of All Required Regulatory Approvals for Planned Acquisition by Novolex

Core Viewpoint - Pactiv Evergreen Inc. has received all necessary regulatory approvals for its acquisition by Novolex at a price of $18.00 per share in cash, with the transaction expected to close on April 1, 2025 [1][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 offers 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]. - Pactiv Evergreen serves a diverse customer base, including restaurants, foodservice distributors, retailers, and food and beverage producers [3]. Transaction Details - Following the completion of the acquisition, Pactiv Evergreen will become a privately held company, and its common stock will be delisted from Nasdaq [2]. - Goldman Sachs & Co. LLC and Lazard Frères & Co. LLC are serving as financial advisors, while Paul Hastings LLP is the legal advisor for Pactiv Evergreen [2].