Sealed Air (SEE) Climbs 18% on Takeover Bid

Sealed Air saw its stock prices leap by 18.09 percent week-on-week arsenic capitalist sentiment was fueled by reports that it is acceptable to beryllium acquired by concern steadfast Clayton, Dubilier, and Rice (CD&R).

A study by the Wall Street Journal said Wednesday that the 2 companies are present underway negotiations for the imaginable merger which could spot the divided of Sealed Air Corp.’s (NYSE:SEE) nutrient packaging and protective packaging businesses.

In different news, Sealed Air Corp. (NYSE:SEE) earlier this period announced a beardown net show successful the 3rd 4th of the year, having incurred a 109.4 percent leap successful nett net astatine $186 cardinal versus lone $89 cardinal successful the aforesaid play past year, chiefly driven by a $57 cardinal peculiar items income.

Net sales, however, ended level astatine $1.3 cardinal arsenic a 1 percent maturation successful the nutrient packaging conception was offset by the 1 percent dip successful the protective packaging unit. Volumes and prices besides decreased by 1 percent during the period.

Copyright: stocking / 123RF Stock Photo

On December 19, communal shareholders of Sealed Air Corp. (NYSE:SEE) arsenic of December 5 grounds are acceptable to person 20 cents worthy of dividends arsenic portion of the company’s quarterly dividend distribution.

While we admit the imaginable of SEE arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.