Sealed Air's acquisition of Diversey cleared
STURTEVANT, WI — Sealed Air Corporation has received all regulatory approvals for its proposed $4.3 billion acquisition of Diversey Holdings Inc., according to a press release.
Diversey shareholders will receive $2.1 billion in cash and an aggregate of 31.7 million shares of Sealed Air worth more than $800 million for total equity consideration of $2.9 billion, the release stated.
According to the release, the transaction is subject to the satisfaction of final customary closing conditions and is expected to close in early fourth quarter 2011.
Click here to read the complete release.