Sealed Air to be Acquired by CD&R for $10.3 Billion

Core Viewpoint - Sealed Air Corporation has entered into a definitive agreement to be acquired by funds affiliated with CD&R for an all-cash transaction valued at $10.3 billion, offering stockholders a cash payment of $42.15 per share, which represents a 41% premium to the unaffected stock price as of August 14, 2025 [1][2][3]. Transaction Details - The acquisition will provide Sealed Air stockholders with $42.15 in cash per share, reflecting a 41% premium to the unaffected stock price and a 24% premium to the 90-day volume-weighted average price (VWAP) as of November 12, 2025 [2]. - The transaction has been unanimously approved by Sealed Air's Board of Directors and is expected to close in mid-2026, pending stockholder approval and regulatory clearances [4]. - Sealed Air will have a 30-day "go-shop" period to solicit additional acquisition proposals from third parties, with an additional 15 days for negotiations [5]. Financing and Advisors - Equity financing for the transaction is committed by investment funds affiliated with CD&R, while debt financing is led by J.P. Morgan Securities LLC and includes several other major financial institutions [6]. - Evercore served as the exclusive financial advisor to Sealed Air, while CD&R was advised by multiple financial institutions including BofA Securities and Goldman Sachs [8][9]. Company Overview - Sealed Air Corporation is a global provider of packaging solutions, generating $5.4 billion in sales in 2024 and employing approximately 16,400 people across 117 countries [10]. - The company specializes in food and protective packaging solutions, with well-known brands such as CRYOVAC® and BUBBLE WRAP® [10]. CD&R Overview - CD&R is a private investment firm established in 1978, focusing on building sustainable businesses across various industries, including industrial and healthcare [11].