Sealed Air Buys PE-Backed Diversey for $4.3B

Publicly traded Sealed Air Corp. is buying Diversey Holdings Inc. in a deal valued at $4.3 billion. Diversey Holdings sells products to the cleaning and sanitization market, and is backed by private equity firm Clayton Dubilier & Rice. Under the terms of the deal, Diversey shareholders will receive $2.1 billion in cash and an aggregate of 31.7 million shares of Sealed Air common stock.

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