Silgan to Combine Metal Packaging Business With Trivium in $2.3 Billion Deal
Silgan announced an agreement to combine its metal packaging business with Trivium Packaging, delivering $2.3 billion in cash proceeds. Silgan shares rose 5.1% in morning trading.
Shares of rigid packaging manufacturer Silgan Holdings (NYSE: SLGN) rose 5.1% in morning trading after the company announced an agreement to combine its metal packaging business with Trivium Packaging. The deal is expected to deliver $2.3 billion in cash proceeds. Silgan disclosed…