Graham Packaging Backs Reynolds Offer Over Silgan
The board of Graham Packaging has decided to back the offer from Reynolds Group Holdings, which is offering $25 a share. Graham, which is backed by the Blackstone Group, already has a $22.10 a share offer from Silgan Holdings. Graham notified Silgan yesterday of its decision. Silgan has three business days to make a "responsive offer," according to a statement.
14 June 2011•4 mins read
