Paul Hastings Advised Pactiv Evergreen Inc. in Its $6.7 Billion Combination with Novolex

Paul Hastings LLP advised Pactiv Evergreen Inc. (NASDAQ: PTVE) in its combination with Novolex. Under the terms of the agreement, Novolex will acquire Pactiv Evergreen for $18.00 per share in an all-cash transaction valued at $6.7 billion, inclusive of Pactiv Evergreen’s net debt. Upon the completion of the transaction, Pactiv Evergreen will become a privately held company.

Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandizing products, as well as fresh beverage cartons, in North America. Novolex develops and manufactures diverse packaging products for multiple industries in the foodservice, delivery and carryout, food processor and industrial markets that touch nearly every aspect of daily life.

The Paul Hastings team was led by M&A partners Eduardo Gallardo, Jon Kubek and Tim Fesenmyer, and included partners Ziemowit Smulkowski, Scott Flicker, Bradley Ritter, Jonathan Ko, Jason Ertel, Rachel Gray-Pundir, Todd Schneider, Mike Murray and Sean Donahue; Of Counsel Mehran Massih, Jennifer Riddle, Olivier Souleres and Catherine Kordestani; and associates David Coogan, Bradley Dumbacher, Ryan Poitras, David Saylor, Colin Wetmore, Anna Hardcastle, Nikki Nikova, Seung Jin Lee, Danique McGowan, Hannah Edmonds, and Ian Chang.

More details on this transaction can be found here.

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