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Silgan Merger Agreement with Graham Packaging Has Been Terminated

Silgan Holdings Inc., a leading supplier of rigid consumer goods packaging products, announced today that its period to negotiate with Graham Packaging Company Inc. to make adjustments to its merger agreement has expired and the parties did not reach agreement.

Graham Packaging Company Inc. has notified Silgan that its board of directors has withdrawn its recommendation for the Silgan merger agreement and the Silgan merger agreement has been terminated. Accordingly, Silgan is entitled to a termination fee of $39.5 million pursuant to the merger agreement.
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See What’s Possible in Life Sciences Packaging at PACK EXPO International
Explore new machinery & materials from 2,600 exhibitors. Gain insights from 150+ free educational sessions. Find solutions to tackle the toughest challenges—for life sciences & beyond—at North America’s largest packaging & processing event.
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See What’s Possible in Life Sciences Packaging at PACK EXPO International