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Private investment firm to acquire steel container maker BWAY Corporation. (Packaging Notebook).(affiliate of Kelso & Co. L.P. to acquire)(Brief Article)

Packaging Strategies

| October 15, 2002 | Luttenberger, David; Martin, Kathryn | COPYRIGHT 2003 BNP Media. (Hide copyright information)Copyright

General line steel container maker BWAY Corporation, Atlanta, GA, has signed a definitive agreement to be acquired by an affiliate of private investment firm Kelso & Co., L.P., New York, NY. Under the terms of the deal, Kelso will pay $20/share for most of the 8.7mn outstanding shares of BWAY; the remaining shares owned by BWAY management and a director will not be sold. Including debt, the transaction is valued at $330mn, and the company will continue to operate …

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