BWAY to be acquired by private equity firm

March 30: Leading US general line canmaking firm BWAY Holdings is to be bought by private equity company Madison Dearborn Partners in a deal worth $915 million.

Chicago-based Madison Dearborn Partners (MDP) is setting up a new company to acquire the shares of Atlanta-based BWAY. It offered $20 per share, a premium of 25 percent, which was unanimously approved by the BWAY board.