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Stock impact report

Platinum Equity in Talks to Buy Packaging Maker Trivium [Yahoo! Finance]

Sonoco Products Company (SON) 
Last sonoco products company earnings: 4/16 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.sonoco.com/investor-relations-0
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The Los Angeles-based buyout firm, which has outlasted other suitors, is trying to finalize a deal with owners Ontario Teachers' Pension Plan Board and Ardagh Group SA in the coming weeks, according to the people, who asked not to be identified discussing confidential negotiations. Rival bidder Sonoco Products Co. dropped from the Trivium auction after it agreed to buy European food can manufacturer Eviosys for about $3.9 billion in June, the people said. Other private equity firms had also shown interest, they said. Deliberations are ongoing and there's no certainty that an agreement will be reached. Ardagh and OTPP explored a sale of Trivium in 2021, only to abandon the effort, the people said at the time. They revived the plans to sell the business earlier this year, Bloomberg News reported in January. Representatives for Ardagh, OTPP and Platinum declined to comment. A spokesperson for Sonoco couldn't immediately be reached for comment. Trivium Show less Read more
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