April 11 Loews Corp, a hotel, energy and
financial services conglomerate, said on Tuesday it would buy
plastic packaging manufacturer Consolidated Container Co from
Bain Capital Private Equity for about $1.2 billion.
The deal is expected to be funded with about 50 percent cash
on hand and 50 percent debt, Loews said in a statement.
Consolidated Container provides packaging solutions for
beverage, food, and household chemicals. It will be a part of a
newly-created segment called Loews Packaging Group.
(Reporting by Nikhil Subba in Bengaluru; Editing by Savio