Apollo's Novolex to Buy Pactiv Evergreen for $6.70 Billion

MT Newswires Live

2024/12/09

Apollo Global Management's (APO) Novolex has agreed to buy Pactiv Evergreen (PTVE) for $18 per share in an all-cash deal valued at $6.70 billion, the companies said Monday.

Following deal closure expected in mid-2025, Pactiv Evergreen shares will no longer be listed on the Nasdaq and the combined company will be led by Novolex CEO and Chairman Stan Bikulege, the companies said.

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