Lurpak container maker aims to spread business globally with £500m US takeover

whatsapp whatsapp William Turvill Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapThis Is How Often You Should Cut Your HairVegamour Read more: RSA shares rise at the open as it disposes of £834m “book of nasties”FTSE 250-listed RPC has announced several other takeover deals in recent months.Since 30 September, it has agreed deals for seven companies, including Letica, for a total consideration of £850m.Wells Fargo and Rothschild were named as financial advisers to RPC on the deal, while Deutsche Bank and Jefferies were joint global co-ordinators and joint bookrunners.Read more: Bunzl bats on with buying bonanza UK packaging firm RPC Group’s shares dropped six per cent today after it announced a $640m (£511m) US acquisition.RPC, which makes containers for the likes of Lurpak butter, Philadelphia cheese and Dulux paint, has agreed to buy plastic food-packaging products firm Letica Group. Share Lurpak container maker aims to spread business globally with £500m US takeover Thursday 9 February 2017 3:46 pm Through the Letica acquisition, RPC is aiming to build up a “meaningful presence outside of Europe”, the company said.RPC will pay an initial $490m and a further $150m subject to Letica hitting performance targets.After announcing the deal, RPC’s had fallen six per cent to 999.5p shortly after 3pm on Thursday.[stockChart code=”RPC” date=”2017-02-09 15:31″]

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