Bubble wrap maker Sealed Air to go private in deal with CD&R

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U.S. packaging company Sealed Air said on Monday it will go private after being bought by private investment firm CD&R for $10.3 billion, including debt.

Under the agreement, Sealed Air shareholders will receive $42.15 in cash per share, a nearly 13% premium to its closing price on November 11.

The deal is expected to close in mid-2026.