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ETF News

Packaging company Crown Holdings to buy Signode in $3.91 bln deal

Dec 19 (Reuters) - Consumer packaging company Crown Holdings Inc said on Tuesday it would buy Signode Industrial Group Holdings (Bermuda) Ltd, which specializes in transit packaging, from Carlyle Group LP in a deal valued at $3.91 billion.

Crown Holding said the acquisition, expected to close during the first quarter of 2018, is expected to will significantly increase its free cash flow. (Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D’Souza)

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