Packaging company Crown Holdings to buy Signode in $3.91 billion deal: Reuters

Consumer packaging company Crown Holdings Inc (CCK.N) said on Tuesday it would buy Signode Industrial Group Holdings (Bermuda) Ltd, which specializes in transit packaging, from Carlyle Group LP (CG.O) in a deal valued at $3.91 billion.

Crown Holding said the acquisition, expected to close during the first quarter of 2018, is expected to will significantly increase its free cash flow.