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Tekni-Plex's Plan To Acquire Gallazzi's Italian Pharma Blister Film, Adhesive Tape Substrate Film Businesses Has Been Approved

Tekni-Plex Europe NV is announcing today that its plan to acquire Gallazzi's Italian-based pharmaceutical blister film (Tradate, Varese, Lombardia) and adhesive tape substrate film (Gallarate, Varese, Lombardia) businesses has been approved by the Italian authorities supervising the sale.

Ball Announces Proposed Acquisition of Rexam PLC

Highlights

-- Cash and stock transaction valued at ÂŁ5.4 billion ($8.4 billion), including the assumption of net debt

-- Aligns with Drive for 10 vision and long-standing capital allocation strategy

-- Leverages complementary product lines and company cultures

-- $300 million of achievable synergies by 2018

-- Highly accretive to earnings per share, generates significant free cash flow and increases EVAÂź


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