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AVINTIV officially withdraws IPO; acquired by Berry Plastics for $2.45B

AVINTIV, a global provider of polymer-based personal and industrial nonwoven materials, officially withdrew its plans for an initial public offering on Thursday as the previously announced acquisition by Berry Plastics was completed for $2.45B.

The Charlotte, NC-based company was founded in 1992 and booked $2.0 billion in sales for the 12 months ended December 31, 2014. BofA Merrill Lynch, Citi, Goldman Sachs, Jefferies and RBC Capital Markets were set to be the joint bookrunners on the deal.

The article AVINTIV officially withdraws IPO; acquired by Berry Plastics for $2.45B originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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