Sealed Air’s ten billion dollar take private

In this episode of Breaking News to Trading Moves, we are looking at Sealed Air after it agreed to be taken private by private equity firm CD and R in a ten point three billion dollar all cash deal. Shareholders in Sealed Air will receive forty two dollars and fifteen cents per share, a big premium to where the stock was trading before sale rumours, and the company will eventually de list and go private once the deal closes.

For traders, this is a classic merger story with a wider read across into packaging, food producers and alternative asset managers.

WINNERS -

Deal stock and advisory names

Companies: $SEE, $EVR

Reason:

$SEE shareholders get cash at a sizeable premium, locking in value after a tough period for the business. $EVR advised  ...