Pactiv Evergreen Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period for Planned Acquisition by Novolex
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
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Source: Newsfilter
Acquisition Announcement: Pactiv Evergreen Inc. has announced its agreement to be acquired by Novolex for $18.00 per share, with the transaction expected to close in the second quarter of 2025, pending foreign antitrust approvals and other conditions.
Company Overview: Pactiv Evergreen is a major manufacturer of foodservice products in North America, focusing on sustainable packaging solutions, and will become privately held following the acquisition, ceasing its Nasdaq listing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
