Sealed Air receives clearance from European Commission
ELMWOOD PARK, NJ — Sealed Air Corporation has announced that it has received regulatory clearance from the European Commission under the European Union Merger Regulation for its proposed acquisition of Diversey Holdings Inc., according to a press release.
On June 1, 2011, Sealed Air entered in to a definitive agreement to acquire Diversey in a $4.3 billion transaction, the release stated.
According to the release, the transaction was subject to certain foreign regulatory approvals, which were given with clearance from the European Commission.
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