secwatch.observer — SEC 8-K summary
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Issuer:     SILGAN HOLDINGS INC (SLGN)
CIK:        0000849869
Form:       8-K
Filed at:   2026-10-19T11:35:11+00:00
Accession:  0001193125-26-424669
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Silgan forms $7.3B metal packaging JV with AIP, acquires Trivium for $3.4B; gets $2.3B cash
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- Trivium valued at ~$3.4B enterprise value: 7.1x LTM Adjusted EBITDA, or 4.8x including $225M expected synergies.
- Silgan contributes Metal Containers and Food and Beverage Flat Cap Closures at $3.8B EV, or 8.1x LTM Adjusted EBITDA.
- Silgan receives ~$2.3B cash to retire debt and retains 60% of Silgan MCC; AIP owns 40% and contributes ~$1.0B equity.
- Combined Silgan MCC is a $7.3B global metal packaging business; deal expected at least 15% accretive to adjusted EPS and free cash flow.
- Dispensing and Custom Containers will form wholly owned Silgan Dispensing Solutions; Metal Containers and closures move into the JV.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849869/000119312526424669/0001193125-26-424669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849869/000119312526424669/d152250d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-424669

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