CD&R to acquire Sealed Air for $10.3bn.

CD&R, an American private equity company, agreed to acquire Sealed Air, a global provider of food and protective packaging solutions, for $10.3bn. "After careful review of strategic alternatives over the past year, the Board is confident that this transaction delivers significant value and is in the best interests of our stockholders and the Company. Furthermore, this transaction represents a realization of immediate and certain value for Sealed Air stockholders at a substantial premium and enables the Company to execute its long-term strategic vision," Henry R. Keizer, Sealed Air Chairman of the Board.