NY Post: Carlyle wins ITW packaging unit for $3B

Carlyle Group (CG) has won a $3B-plus auction for Illinois Tool Works' (ITW) packaging business, NY Post reports.

In winning ITW’s packaging unit, Carlyle beat out Apollo Global Management (APO) in the final round, according to the report.

The deal would be David Rubenstein's second large purchase in less than a month after agreeing to buy Johnson & Johnson’s clinical testing division for $4.15B.

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