Sealed Air Completes $6.3 Billion Acquisition by CD&R, Delists from NYSE

summarizeSummary

Sealed Air has finalized its acquisition by CD&R for approximately $6.3 billion, resulting in its delisting from the NYSE and conversion of shares to cash for public stockholders.

check_boxKey Events

• Acquisition Completed

  Sealed Air Corporation was acquired by affiliates of Clayton, Dubilier & Rice, LLC on April 9, 2026, becoming a wholly-owned private subsidiary.

• Shareholder Payout

  Public shareholders received $42.15 in cash for each share of common stock, totaling approximately $6.3 billion in consideration.

• Delisting from NYSE

  The company's common stock (SEE) ceased trading on the New York Stock Exchange and will be deregistered, ending its public reporting obligations.

• Board Resignations

  Several directors resigned from the Board in connection with the merger, while existing officers continued in their roles.

auto_awesomeAnalysis

This 8-K announces the definitive completion of Sealed Air Corporation's acquisition by affiliates of Clayton, Dubilier & Rice, LLC, a previously anticipated event. The company is now a privately held entity, and its common stock has ceased trading on the New York Stock Exchange. Public shareholders received $42.15 per share in cash. This marks a fundamental change for the company, transitioning it from a public to a private entity, and concludes the investment thesis for public shareholders. The transaction also involved the repayment of significant debt and the termination of various agreements, streamlining the company's financial structure under new ownership.