Sealed Air's merger agreement with CD&R moves forward after expiring go-shop period

Sealed Air (NYSE:SEE) announced the expiration of the 30-day go-shop period under its definitive merger agreement with funds affiliated with Clayton, Dubilier & Rice (CD&R) on December 16, 2025.

The go-shop period, which allowed Sealed Air to solicit alternative acquisition proposals, concluded with no competing offers that would challenge the current deal.

Under the terms of the agreement, CD&R will acquire all outstanding common stock of Sealed Air for $42.15 per share in an all-cash transaction, implying an enterprise value of $10.3 billion.

The transaction is expected to close in mid-2026, pending stockholder approval, regulatory clearances, and the fulfillment of customary closing conditions.

Upon completion, Sealed Air will become privately held, and its common stock will no longer be traded on the New York Stock Exchange.

The 30-day go-shop period, which expired at 11:59 p.m. ET on December 16, 2025, involved outreach to 29 potential parties.

No party emerged as an "Excluded Party," meaning there were no bids that could have disrupted the agreed-upon acquisition.

This marks the next step toward finalizing the transaction, with advisors Evercore and Latham & Watkins assisting both parties in the process.