Seeking Alpha

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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