Blackstone-backed EPL to merge with Indovida to make $2 billion packaging giant

Blackstone-backed EPL will continue as the listed entity after the merger. Indorama will nominate at least three directors to its board, while Blackstone will nominate one. Since it is a share swap, there is no regulatory requirement for an open offer.

Blackstone-backed EPL to merge with Indovida to make $2 billion packaging giant
Blackstone-backed EPL will continue as the listed entity after the merger. Indorama will nominate at least three directors to its board, while Blackstone will nominate one. Since it is a share swap, there is no regulatory requirement for an open offer.

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