Ardagh Group (Ardagh Holdings S.A.)

Money Moves

Selling its 42% Trivium stake, expecting about $90 million in net proceeds

Silgan Holdings agreed on October 19 to fold its metal food-container and closures businesses into a joint venture with Trivium Packaging, valuing Trivium at about $3.4 billion including debt. American Industrial Partners is putting in $1.025 billion for 40% of the combined company; Silgan keeps 60% and expects about $2.3 billion in cash to pay down debt.

Updated Oct 25