4 companies behind Canadian Packaging Co’s $2.6 billion privatization deal

0
By Benjamin Horney (March 8, 2022, 1:40 PM EST) — Canadian packaging maker Intertape Polymer Group Inc. will be taken private by Clearlake Capital Group LP in a deal with an enterprise value of 2. $6 billion and built by four law firms, the companies announced Tuesday.

The all-cash deal provides for IPG to be purchased by a Santa Monica, Calif.-based subsidiary of Clearlake at a price of C$40.50 ($31.49) per share, according to a statement. Including debt, the agreement puts the target at $2.6 billion. The price per share represents a premium of approximately 66% to IPG’s average price over the last 30 days. The deal will be…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Share.

About Author

Comments are closed.