(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global ...

Pactiv Evergreen's (NASDAQ:PTVE) stock jumped 20% to $19.55 a share in premarket trading Monday after the packaging maker ...

The transaction is expected to close in mid-2025, and Novolex CEO Stan Bikulege will lead the combined company.

State Street Corp lessened its stake in shares of Pactiv Evergreen Inc. (NASDAQ:PTVE – Free Report) by 5.8% during the 3rd ...

Dec. 9—CANTON — Haywood residents who took a chance on investing in Pactiv Evergreen when it went public in 2020 can cash out at a significant profit. Pactiv Evergreen will be acquired by ...

9. Pactiv Evergreen will "combine" with Novolex, the Charlotte-based company that bought the company in an all-cash transaction valued at $6.7 billion, the Dec. 9 news release announced.

This transaction is supported by funds managed by affiliates of Apollo (the “Apollo Funds”), the majority shareholder of Novolex since 2022, and Canada Pension Plan Investment Board (“CPP Investments” ...

Pactiv Evergreen (NASDAQ:PTVE – Get Free Report)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank of Canada in a research note issued on Thursday ...

RBC Capital analyst Arun Viswanathan downgraded Pactiv Evergreen (PTVE) to Sector Perform from Outperform with a price target of $18, up from ...

Packaging maker Novolex Holdings is taking over competitor Pactiv Evergreen Inc., in a deal worth approximately US$6.7 billion. According to a Dec. 9 news release, upon the merger’s completion, Pactiv ...

Dec. 11—CANTON — If Spirtas Worldwide and Two Banks, LLC (the corporation formed by Spirtas to purchase the Canton properties) is successful in its effort to purchase the Canton mill site owned by ...

CHARLOTTE, N.C. and LAKE FOREST, Ill., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Novolex ® and Pactiv Evergreen Inc. (NASDAQ: PTVE), announced today they have entered into a definitive agreement to ...