M&A
confidence high
sentiment neutral
materiality 0.50
Sonoco: Eviosys consultation done, put option exercised, closing expected by end-2024
SONOCO PRODUCTS CO
- European Works Council consultation with Eviosys completed on August 20, 2024, satisfying a condition.
- On August 22, 2024, Seller Titan Holdings delivered Exercise Notice and executed Equity Purchase Agreement.
- Transaction to acquire all equity interests in Eviosys expected to close by end of 2024, subject to antitrust clearances.
- Equity Purchase Agreement (Exhibit 2.1) includes customary reps, warranties, and closing conditions.