RPC is Europe’s biggest plastic packaging company, making products used in everything from food to healthcareA second big investor in RPC Group has protested against the £3.3 billion takeover of the British plastic packaging business by Apollo Global Management, the American private equity firm. Royal London Asset Management said it was “very surprised and somewhat disappointed” with the 782p-per-share cash offer from Apollo that RPC recommended to shareholders earlier this week. Royal London is a top 20 investor in RPC with a 1.4 per cent stake worth about £45 million. Another shareholder, Aviva Investors, warned yesterday that Apollo’s bid had “not delivered fair value” to investors in the business. RPC, based in Northamptonshire, is Europe’s biggest plastic packaging company making products used in everything from food and beverages to healthcare and vehicle parts.

Source: The Times January 24, 2019 17:08 UTC