Firm Represents Silgan in $4.1 Billion Acquisition of Graham Packaging
April 18, 2011
Bryan Cave is representing Silgan Holdings Inc. (Nasdaq: SLGN) in its acquisition of Graham Packaging Company Inc. (NYSE: GRM) in a transaction valued at $4.1 billion, including assumed debt. Silgan is a Stamford, CT - based leading supplier of rigid consumer goods packaging products. Graham is a York, PA - based leading supplier of value-added rigid plastic containers for the food, specialty beverage and consumer products markets. The combined company will have over $6.2 billion in annual sales and over 17,000 employees. The company will operate 180 manufacturing facilities in 19 countries.
Under the terms of the definitive merger agreement for the transaction, Graham stockholders will receive .402 shares of Silgan common stock and $4.75 in cash for each share of Graham common stock. The transaction is subject to customary closing conditions, including antitrust approvals and approvals by the stockholders of Graham and Silgan. The deal is currently expected to close in the third quarter of the year.
The Bryan Cave team was led by partner Rob Rawn
and consisted of a large number of lawyers from multiple offices. The team included partner Tara Newell
(corporate), associates James Attonito
, Andrew Rodman
, Chaeri Tornay
and Will Brodsky
(corporate), partner Andy Auerbach
and associate Morgan Bassett
(finance), partner Becky Nelson
and counsel Danielle Mangogna
(antitrust), partner Jennifer Stokes
and associate Corey Slagle
(benefits), partner Kyle Flaherty
(labor), partner Alan Solarz
(tax) and counsel Roberta Gordon
Rawn has led Bryan Cave's representation of Silgan on numerous M&A transactions, including its recent acquisitions of Vogel & Noot AG and IPEC Global and its acquisition of the White Cap closures business from Amcor Limited.