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Packaging And Design

Plastics Maker Berry Refrains From Raising Offer For Britain's RPC

By Steve Wynne-Jones
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Plastics Maker Berry Refrains From Raising Offer For Britain's RPC

Plastics maker Berry Global Group Inc said on Friday its £3.34 billion (€3.86 billion) offer for British packaging company RPC Group was final and would not be increased.

RPC Group agreed to the higher takeover offer from Berry for 793 pence per share in cash in early March, ditching a lower bid from Apollo Global Management LLC.

Berry said it reserves the right to increase the offer if another party comes with an offer or a possible offer for RPC.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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