Today news
About the same in other media
Packaging firm Veritiv Corp to be bought by CD&R for $2.3 billion
Reading now: 535
(Reuters) — Packaging solutions firm Veritiv Corp. (NYSE:VRTV) said on Monday it has agreed to be bought by private equity firm Clayton, Dubilier & Rice, LLC (CD&R) for $2.3 billion, in a deal that would take the company private.
Shares of Veritiv were up almost 20% in premarket trade in low volumes.
Under the terms of the agreement, CD&R would pay $170 per in cash for each share of Veritiv common stock, representing a nearly 20% premium to its last close.
Up on closing of the deal, expected in the fourth quarter of 2023, Veritiv's stock will no longer be listed on any public markets.
Morgan Stanley & Co. served as exclusive financial advisor for Veritiv.
Read more on investing.comAbout this in other media
4 big analyst picks: Rivian raised to Outperform, price target lifted to $30 investing.com /1 year ago
In CEO race, Morgan Stanley hopes for drama-free handoff investmentnews.com /1 year ago
FM Nirmala Sitharaman says, 'India transformed from fragile to fastest growing economy'| Watch livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
