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.

Jun 18th, 2011

Graham Packaging Company Inc. has notified Silgan that its board of directors has withdrawn its recommendation for the Silgan merger agreement and the Silgan merger agreement has been terminated.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.

Silgan Holdings Inc.

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XPlanar eliminates the need to move the plasma jet; instead, a floating planar mover carries the workpiece into position for precise surface treatment. Source: Plasmatreat

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