Sealed Air near deal to buy Alcan unit
“We consider acquisitions as part of an ongoing growth strategy, but as a general policy, we don't comment on any specific acquisitions, activity or speculation”
Bubble Wrap maker Sealed Air Corp. is close to a deal to buy the packaging arm of Alcan Inc. via Reuters UK
Join the discussion below, or Read more at Reuters UK.
#1 Aug 18, 2007
If this deal takes place before the Rio acquistition will the stock price of Alcan not go down??? Packaging represents about 20% of Alcan income. The cash is supposedly part of financing for RIO to buy Alcan. If this is true then the deal should be contingent upon the closure of the Rio deal.
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