31st Jan 2019 14:55
LONDON (Alliance News) - Plastic packaging supplier RPC Group PLC said Thursday it will engage with New York-listed Berry Global Group Inc over a possible cash offer for RPC.
Earlier on Thursday Berry Global said it was mulling a cash offer for the FTSE 250-listed group.
Berry Global has asked for material to conduct due diligence, it said, and stressed it has not decided whether to make an offer yet.
On Wednesday last week, funds managed by Apollo Management IX LP agreed a GBP3.32 billion cash offer for RPC.
RPC shares were 3.6% higher on Thursday afternoon at a price of 793.74 pence each.
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