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Berry bests Apollo with $4.4b deal to form plastics giant

Bloomberg Berry Global Group Inc. agreed to buy RPC Group Plc for 3.34 billion pounds ($4.4 billion) to create one of the world’s largest plastic-packaging companies, derailing a rival takeover plan by Apollo Global Management. Once a holding of Apollo, Berry boosted the cash part of its proposal to win backing from RPC’S board. Shareholders wou-ld get 793 pence a ...

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Airbnb agrees to buy HotelTonight in its biggest acquisition yet

Bloomberg Airbnb Inc. agreed to buy HotelTonight, its biggest acquisition yet, in a move to increase hotel listings on the site ahead of an eventual initial public offering for the home-sharing startup. Airbnb declined to disclose financial terms of the deal, but a person familiar with the matter said the price is close to HotelTonight’s last private valuation. A venture ...

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Purdue Pharma says trial timing won’t sway bankruptcy call

Bloomberg Purdue Pharma LLP says its decision on whether to file for bankruptcy to avoid being swamped by opioid lawsuits doesn’t depend on the timing of the first trial over its role in the public-health crisis. A judge in Oklahoma refused Purdue’s, Johnson & Johnson’s and Teva Pharmaceutical Industries Ltd.’s requests to push back a May trial of Oklahoma officials’ ...

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