Silgan Will Pay $1.3B For Graham Packaging

Consumer goods packager Silgan Holdings Inc. said it will pay $1.3 billion in cash and stock to acquire smaller rival Graham Packaging Company Inc., Reuters reported. Private equity firm Blackstone holds a 61% stake in Graham Packaging. The acquisition, valued at $4.1 billion including debt, will help Silgan boost the number of manufacturing facilities in the Americas, Europe and Asia, Reuters reported.

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