Pactiv Stockholders Approve Merger Agreement With Reynolds

Pactiv Corporation announced that Pactiv stockholders, at a special meeting of stockholders held today, voted to approve the merger agreement providing for the acquisition of Pactiv by Reynolds Group Holdings Limited.

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Pursuant to the merger agreement, a subsidiary of Reynolds will merge with and into Pactiv and Pactiv will become an indirect wholly owned subsidiary of Reynolds. Subject to the satisfaction or waiver of the remaining closing conditions, Pactiv expects the transaction to close on or about November 16, 2010.
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