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Graham Packaging (GRM -2.6%) agrees to a $25.50/share offer from New Zealand-based Reynolds...
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Friday, June 17, 2011, 8:59 AM ETGraham Packaging (GRM -2.6%) agrees to a $25.50/share offer from New Zealand-based Reynolds Group, $0.50 higher than its June 13 offer. Graham will pay Silgan (SLGN -0.3%) a $39.5M penalty for backing out of its $19.56/share deal after the latter failed to counterbid during the three-day match period. (PR)
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