Pactiv, Novolex and Apollo Global Management

Apollo-Backed Novolex to Buy Pactiv Evergreen for $3.22 Billion
Novolex, a packaging company backed by Apollo Global Management, struck a deal to buy publicly traded Pactiv Evergreen for around $3.22 billion
Apollo-owned Novolex to take packaging products maker Pactiv private in $6.7 billion deal
(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment.
Novolex to merge with Pactiv Evergreen in $6.7bn deal
Apollo Global Management-owned packaging company Novolex has signed a definitive agreement with Pactiv Evergreen to merge into a combined entity in an all-cash deal valued at $6.7bn.
Novolex buying Pactiv Evergreen in $6.7B deal
The move combines two companies with deep plastics portfolios, including bags, film, thermforms, plastic containers, cutlery, dinnerware and drinkware.
Apollo's Novolex explores offer for Pactiv Evergreen of Lake Forest
Apollo Global Management-owned packaging company Novolex is exploring a potential takeover offer for Pactiv Evergreen Inc., according to people familiar with the matter.
BofA moves to No Rating on Pactiv Evergreen after Novolex deal
BofA analyst George Staphos moves to No Rating on Pactiv given the stock is no longer trading on fundamentals following Apollo-owned Novolex
Pactiv Evergreen's stock surges on Novolex buyout offer
Pactiv Evergreen's stock surged 20% on news of acquisition by Novolex, backed by Apollo Global Management, in a deal valued at $3.22 billion.
Apollo-backed Novolex and Pactiv Evergreen to merge in $6.7bn deal
The deal is supported by Apollo, the majority shareholder of Novolex since 2022, and Canada Pension Plan Investment Board.
Pactiv Evergreen downgraded to Neutral from Buy at Citi
Citi downgraded Pactiv Evergreen (PTVE) to Neutral from Buy with a price target of $18, up from $13. The firm sees limited upside to the shares
Citigroup Downgrades Pactiv Evergreen (PTVE)
Fintel reports that on December 10, 2024, Citigroup downgraded their outlook for Pactiv Evergreen (NasdaqGS:PTVE) from Buy to Neutral. Analyst Price Forecast Suggests 14.66% Downside As of December 3,
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Pactiv to sell out; impact on Canton mill is uncertain
Haywood residents who took a chance on investing in Pactiv Evergreen when it went public in 2020, can cash out at a ...
Pactiv Evergreen Stock Rises 7.9% on Reported Takeover Interest
Shares of Pactiv Evergreen climbed following a report that a fellow packaging company owned by Apollo Global Management is considering a takeover. The stock was up 7.9%, at $14.67, in midday trading ...
Novolex and Pactiv Evergreen Inc. to Combine, Establishing a Leading Manufacturer in Food and Beverage Packaging
Pactiv Evergreen Shareholders to Receive $18.00 Per Share in CashComplementary products, focus on innovation and sustainability create partner of ...
New Hires Lead Paul Hastings’ Work on $6.7 Billion Deal (1)
A team of recently hired partners led Paul Hastings’ work advising food packaging company Pactiv Evergreen in its $6.7 ...