Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Pactiv Evergreen ( (PTVE) ) has provided an update.
Pactiv Evergreen Inc. is set to merge with Novolex Holdings, LLC, creating a leading entity in food and beverage packaging. The merger, valued at $6.7 billion, offers Pactiv shareholders $18 per share, and will see Pactiv delisted from Nasdaq. Supported by Apollo Global Management and CPP Investments, the deal enhances product innovation and sustainability, leveraging a broad manufacturing footprint to serve a diverse customer base. The merger is anticipated to close in mid-2025, promising significant growth opportunities in the packaging industry.
See more insights into PTVE stock on TipRanks’ Stock Analysis page.
