07:18 AM EST, 11/17/2025 (MT Newswires) -- Sealed Air ( SEE ) said Monday it has agreed to be acquired by affiliate funds of CD&R in an all-cash transaction valued at $10.3 billion.

Under the terms of the deal, Sealed Air ( SEE ) stockholders will receive $42.15 in cash per share.

The company's board has unanimously approved the transaction, which is expected to close in mid-2026, pending certain conditions, including stockholder approval and regulatory clearances.

Sealed Air ( SEE ) can actively solicit additional acquisition proposals during a 30-day "go-shop" period, with additional 15 days allowed to finalize agreements with qualifying third parties.

Equity financing has been committed by investment funds affiliated with CD&R, while debt financing was committed by a consortium led by JPMorgan Securities, BofA Securities and BNP Paribas Securities, among others.

Upon the completion of the acquisition, Sealed Air ( SEE ) will be a privately held company that will still be headquartered in Charlotte, North Carolina. Its shares will be delisted from the New York Stock Exchange.

Shares of Sealed Air ( SEE ) were down more than 3% in recent Monday pre-bell activity.