Graham Packaging Delays IPO

NEW YORK (Reuters) – Blackstone-backed plastic container maker Graham Packaging Co Inc. will file new IPO terms with the U.S. Securities and Exchange Commission on Tuesday and will delay the pricing of its initial public offering until Wednesday, an underwriter said.

The company earlier filed to sell 23.3 million shares for $14 to $16 each. (Reporting by Clare Baldwin in New York; Editing by Bernard Orr)