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Graham Packaging (GRM +1.48%) receives a $25/share offer from New Zealand-based Reynolds. The...

Graham Packaging (GRM +1.48%) receives a $25/share offer from New Zealand-based Reynolds. The proposal values Graham at $4.5B and beats a bid of $19.56 from Silgan (SLGN +0.5%), which has three days to make a counter-offer, otherwise Graham will go with the Kiwis. (PR)
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