Report on Form 8-K for Sealed Air Corporation
Sealed Air Corporation (the "Company") announced the completion of its merger with Sword Merger Sub, Inc., a subsidiary of Sword Purchaser, LLC, an affiliate of Clayton, Dubilier & Rice, LLC. The merger was completed on April 9, 2026, with the Company continuing as a wholly-owned subsidiary of Parent. As a result of the merger, each outstanding share of the Company's common stock was converted into the right to receive $42.15 in cash. The company also repaid all outstanding credit commitments and redeemed all its senior notes. In connection with the merger, the Company's common stock was delisted from the New York Stock Exchange. The merger resulted in a change of control of the Company, with the total cash consideration paid to equity holders amounting to approximately $6.3 billion. The filing also details the treatment of the Company's compensatory awards, which were converted into cash payments. Additionally, the Company's certificate of incorporation and bylaws were amended and restated.