CD&R to buy Sealed Air in $10.3 billion all-cash deal
Sealed Air agreed to be acquired by Clayton, Dubilier and Rice (CD&R) in a $10.3 billion all-cash deal. Shareholders will receive $42.15 per share, a 41% premium to the August 14 price. The board said the sale follows a year-long strategic review. Shares fell nearly 4% in premarket trading despite the premium offer.