PCA agrees to acquire Greif's containerboard business for $1.8B cash

PACKAGING CORP OF AMERICA

Purchase price of $1.8 billion in cash; expected closing in Q3 2025.
Acquisition includes containerboard mills in Virginia and Ohio, and seven sheetfeeder facilities.
Closing subject to HSR Act waiting period; termination fee payable by PCA in certain antitrust-related scenarios.
Outside date for closing is June 30, 2026, subject to two 90-day extensions.

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