CD&R to Buy Bubble Wrap Creator Sealed Air for $6.2 Billion

Clayton Dubilier & Rice agreed to buy Sealed Air Corp. in a deal valuing the packaging company that invented Bubble Wrap at $6.2 billion.

The private equity firm will pay $42.15 a share for Charlotte, North Carolina-based Sealed Air, according to a statement Monday. That’s slightly below Friday’s closing price of $43.28 a share, after reports that CD&R was weighing a takeover.