Cleaning & Maintenance Management Online

Waiting period terminated for Sealed Air

July 5, 2011

ELMWOOD PARK, NJ — The U.S. Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) have granted early termination of the antitrust waiting period related to the proposed acquisition of Diversey Holdings Inc., according to Business Week.

Sealed Air Corporation had announced its move to purchase Diversey for roughly $4.3 billion on June 1, the article stated.

According to the article, the sale is still subject to customary closing conditions, which include certain foreign regulatory approvals.

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