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Apollo Global to acquire RPC for 3.3 bln pounds

(Reuters) - RPC Group said on Wednesday Apollo Global Management agreed to buy Europe's biggest plastics packaging maker for 3.3 billion pounds ($4.28 billion) in cash, ending months of negotiations.


The per-share offer of 782 pence represents a premium of 15.6 percent to RPC's closing price of 683.6 pence on Sept. 7, the last trading day before the offer period began.

($1 = 0.7717 pounds)


(Reporting by Sangameswaran S in Bengaluru; Editing by Anil D'Silva)