Stone Canyon weighs IPO for SCI PH: Bloomberg

Stone Canyon Industries is considering taking its packaging unit, SCI PH Inc, public, Bloomberg is reporting. Stone Canyon, a closely held investment firm whose backers include billionaire investor Michael Milken, is in talks with advisers about a U.S. IPO, the story said. SCI PH produces about $700 million EBITDA and could be valued at more than $8 billion, Bloomberg said.