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SILGAN HOLDINGS INC
Silgan Holdings has entered into an agreement to contribute its Metal Containers and Closures Business to a newly formed joint venture (MetalCo) with A-VL Holdco, which will subsequently acquire Trivium Packaging. Under the terms, Silgan will receive a $2.263 billion distribution and hold a 60% voting interest in MetalCo, while A-VL Holdco contributes $1.025 billion in cash. The acquisition of Trivium involves a $327.5 million cash payment and the assumption of approximately $3.1 billion in debt.…more
SILGAN HOLDINGS INC
Silgan Holdings has finalized a plan to spin off its Metal Containers and food/beverage closure businesses to form a joint venture, 'Silgan MCC,' with American Industrial Partners (AIP), which will acquire Trivium Packaging for approximately $3.4 billion. Through this transaction, Silgan will receive $2.3 billion in cash to retire debt, retain a 60% controlling stake in the new entity, and expects $225 million in synergies by year three with at least 15% accretion to adjusted EPS.…more
SILGAN HOLDINGS INC
JPMorgan Chase & Co. has filed a SCHEDULE 13G/A regarding their beneficial ownership in Silgan Holdings Inc. This filing serves as an update to their previously reported equity position in the company.…more
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Silgan Nears $3.4 Billion Acquisition of Trivium Packaging
Silgan is nearing a deal to acquire Trivium Packaging for approximately $3.4 billion. This major acquisition is expected to significantly strengthen Silgan's position in the metal packaging market.…more