On February 26, Sealed Air shareholders formally approved the $10.3 billion takeover by private equity firm CD&R, clearing a key hurdle in the transaction. A majority of voting shares supported the offer, reflecting confidence in the deal terms and management’s recommendation.

Under the agreement, CD&R will acquire all outstanding Sealed Air shares at $44 per share, representing a premium to the company’s pre-announcement trading levels. The purchase price totals approximately $10.3 billion, to be financed through a combination of equity commitments and debt arrangements.

Following shareholder approval, the deal is slated to close in the second half of 2026, subject to customary regulatory clearances and satisfaction of closing conditions. Upon completion, Sealed Air will be delisted from public exchanges and transition to private ownership under CD&R.

CD&R aims to leverage Sealed Air’s packaging technologies and global footprint to drive operational efficiencies and expansion into high-growth end markets. The buyout is expected to support targeted investments in R&D and accelerate digital transformation initiatives across Sealed Air’s product portfolio.