Apollo Global Management-owned packaging company Novolex is exploring a potential takeover offer for Pactiv Evergreen (PTVE), people familiar with the matter told Bloomberg’s David Carnevali, Gillian Tan and Crystal Tse. Apollo’s (APO) Novolex is discussing a possible bid with financial advisers, though no final decision has been made, the sources said. Pactiv shares have jumped 10% in morning trading following the report.
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Read More on PTVE:
- Pactiv Evergreen’s Q3 2024 Financial Performance and Outlook
- Pactiv Evergreen Faces Revenue Decline Amid Strategic Shifts
- Pactiv Evergreen narrows FY24 adjusted EBITDA view to $800M-$820M
- Pactiv Evergreen reports Q3 adjusted EPS 36c, consensus 36c
- PTVE Earnings Report this Week: Is It a Buy, Ahead of Earnings?
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