Pactiv Evergreen ( (PTVE) ) has provided an announcement.
Pactiv Evergreen Inc. announced the expiration of the Hart-Scott-Rodino Act waiting period on January 21, 2025, in relation to its planned acquisition by Novolex Holdings, LLC. The merger, valued at $18.00 per share, is expected to close in the second quarter of 2025, subject to foreign antitrust approvals and other conditions, resulting in Pactiv Evergreen becoming a privately held company and delisting from Nasdaq.
More about Pactiv Evergreen
Pactiv Evergreen is a leading North American manufacturer and distributor of fresh foodservice, food merchandising products, and fresh beverage cartons. The company produces a wide range of products made with recycled, recyclable, or renewable materials, serving a diverse mix of customers, including restaurants, foodservice distributors, retailers, and food and beverage producers.
YTD Price Performance: 0.57%
Average Trading Volume: 1,048,557
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.15B
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