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Trident TPI Holdings, Inc. -- Moody's places Trident's ratings under review for downgrade

The review follows the announcement that Tekni-Plex has entered into an agreement to acquire three manufacturing facilities from Amcor Limited (Baa2, Stable) and he purchase price has not been disclosed. The closing of the acquisition is conditioned upon approval by the United States Department of Justice and the closing of the merger between Amcor Limited (Baa2, Stable) and Bemis Company, Inc. (Baa2, Stable).