Consumer goods packaging products maker, Silgan Holdings, will acquire Graham Packaging for $1.25 billion, The Wall Street Journal reports. Graham shareholders will receive 0.402 Silgan shares and $4.75 in cash for each of their shares.

The deal also includes the assumption of Graham’s debt, valuing the deal at about $4.1 billion. Bank of America Merrill Lynch acted as the financial advisor for Silgan, while Graham was advised by JPMorgan Chase, adds Bloomberg.

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