Orora Limited has entered into a binding agreement to sell Orora Packaging Solutions to Veritiv Corporation, an investee company of Clayton, Dubilier & Rice, LLC for an enterprise value of A$1.775 billion (US$1.2 billion) on a cash and debt-free basis. Veritiv’s offer fully values OPS and implies approximately 9.9x FY24A cash EBITDA, a premium to…
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