Sealed Air stockholders voted in favour of all proposals at a special meeting, endorsing the pending acquisition by a CD&R affiliate. Chief Executive Officer Dustin Semach said: 'We are pleased with the results of the special meeting and we thank our stockholders for their strong support for this transaction. We look forward to closing the transaction in the coming months.' The transaction, first announced in November, included a 30-day go-shop period during which Sealed Air actively solicited alternative offers. The company received proposals from 22 private equity firms and seven strategic parties but ultimately chose to proceed with CD&R's bid. Sealed Air, headquartered in North Carolina, is a global packaging solutions provider serving food, industrial, and automation markets. The company is known for brands including Bubble Wrap, Cryovac, Autobag, and Liquibox. For CD&R, the acquisition represents a significant packaging platform investment at a time when private equity firms...
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