Sealed Air shareholders approve $10.3bn takeover by CD&R

Shareholders of packaging business Sealed Air have voted to approve the company’s acquisition by an affiliate of private equity company Clayton, Dubilier & Rice (CD&R), in a transaction valued at $10.3bn. The decision followed a special meeting where all proposals related to the takeover received shareholder support. Sealed Air will disclose the final voting results in a forthcoming filing with the US Securities and Exchange Commission. Sealed Air CEO Dustin Semach said: "We are pleased with the result ...