Sealed Air agrees $10.3bn takeover by CD&R

Core Viewpoint - Sealed Air has agreed to an acquisition by Clayton, Dubilier & Rice (CD&R) in an all-cash deal valued at $10.3 billion, expected to close in mid-2026, resulting in the company becoming privately held and delisted from the New York Stock Exchange [1][2]. Group 1: Acquisition Details - The acquisition will provide Sealed Air's shareholders with $42.15 per share in cash, representing a substantial premium [2]. - The agreement includes a 30-day "go-shop" period for soliciting alternative bids, with an additional 15 days for negotiations with qualified bidders [3]. - Equity financing will be provided by CD&R-affiliated investment funds, while debt financing is committed by a group including BofA Securities, BNP Paribas Securities, Goldman Sachs, JP Morgan Securities, UBS Investment Bank, and Wells Fargo, along with additional commitments from Citi, Mizuho, and RBC Capital Markets [3]. Group 2: Company Overview - Sealed Air designs and supplies packaging materials, equipment, and services across various sectors, including food, medical, e-commerce, and industrial [4]. - The company, known for its bubble wrap, generated $5.4 billion in sales in 2024 and employs approximately 16,400 people globally [4]. - CD&R partner Rob Volpe expressed commitment to supporting Sealed Air's continued investment in its people, assets, and product portfolio, highlighting respect for the company's senior leadership team [4].