It's official: Pactiv (PTV +5.5%) says it will be acquired by Reynolds Group Holdings, a...

|About: Pactiv Corp. (PTV)|By:, SA News Editor

It's official: Pactiv (PTV +5.5%) says it will be acquired by Reynolds Group Holdings, a wholly-owned subsidiary of Rank Group, in a deal valued at about $6B. The $33.25/share offer represents a 39% premium to Pactiv's May 14 closing price, the last trading day before reports of a potential transaction. (PR)