How Sealed Air?s Acquisition Of Diversey Holdings Could Af

Sealed Air Corp. is a leading global manufacturer of packaging and performance-based materials and equipment systems. The company is also a leading player in the fragmented protective-packaging category. Recently, Standard & Poor's placed its 'BB+' rating for Sealed Air on CreditWatch with negative implications, following the company's announcement that it has entered into a definitive merger agreement to acquire Diversey Holdings Inc. for $4.5 billion. If the transaction goes through, we expect to lower the corporate credit rating on Sealed Air to 'BB'. In this CreditMatters TV segment, Standard & Poor's Director Liley Mehta discusses the implications of the planned acquisition.

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