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AI brief of an SEC Form 8-K · Packaging Corporation of America (PKG)

PCA agrees to buy Greif's containerboard business for $1.8 billion in cash

Neutral Impact 5 of 5 m&a Written later

Packaging Corporation of America agreed on June 30, 2025 to acquire the containerboard business of Greif, Inc. for $1.8 billion in cash. Closing is expected in the third quarter of 2025 or sooner, subject to antitrust clearance, and the deal can be terminated if it has not closed by June 30, 2026.

Key points

  • Purchase price is $1.8 billion in cash, agreed June 30, 2025 with Greif, Inc. and Greif Packaging LLC
  • Closing anticipated in the third quarter of 2025 or sooner, subject to Hart-Scott-Rodino waiting period expiration
  • Outside Date of June 30, 2026, extendable by two ninety-day periods in certain circumstances
  • PCA would pay a termination fee to the seller in certain antitrust-related failure scenarios

The filing

CompanyPackaging Corporation of America (PKG)
Form8-K, current report
Filed with the SECJul 3, 2025, 5:06 PM ET
Accession number0001193125-25-155530

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 03, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.