Sealed Air Corporation ( SEE ) shares are trading lower on Monday following the company’s agreement to be acquired by funds affiliated with CD&R in an all-cash deal valuing the business at $10.3 billion.
As per the deal, shareholders will receive $42.15 per share in cash, reflecting a 41% premium to Sealed Air's ( SEE ) closing price on August 14, 2025.
The purchase price also represents a 24% premium to the company's 90-day VWAP as of November 12, 2025.
Sealed Air ( SEE ) will have a 30-day go-shop period to seek alternative acquisition offers, plus 15 additional days to negotiate a binding agreement with any qualifying bidder.
The transaction, expected to close in mid-2026, has been unanimously approved by Sealed Air’s Board of Directors.
“This transaction delivers significant and derisked value to Sealed Air ( SEE ) stockholders while accelerating our ongoing transformation,” said Dustin Semach, president and CEO of Sealed Air ( SEE ). “CD&R’s partnership will enhance our ability to invest in growing our Food and Protective businesses while maintaining a customer-first approach.”
This month, Sealed Air ( SEE ) posted third-quarter adjusted EPS of $0.87, topping the $0.70 estimate, and revenue of $1.35 billion also beat expectations of $1.31 billion.
The company raised FY25 adjusted EPS guidance to $3.25–$3.35 (from $2.90–$3.30) versus the $3.17 consensus, and tightened its FY25 revenue outlook to $5.275–$5.325 billion (from $5.1–$5.5 billion), versus $5.292 billion estimate.
Price Action: SEE shares are down 3.37% at $41.83 at the last check on Monday.
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