Sealed Air: Potential Private Takeover Sends Shares Soaring

Sealed Air Corporations shares surged in after-hours trading following reports of a potential take-private deal, sending excitement through investors. The company, known for inventing Bubble Wrap, saw its stock price jump by 21.7% to $44.25. Sealed Air, with a history dating back to 1960 and a diverse portfolio in the packaging industry, reported total revenues of $5.4 billion in the current fiscal year. The potential transition from public to private ownership could reshape the companys future operations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.