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Silgan Holdings, Trivium Packaging and funds affiliated with American Industrial Partners announced a proposed transaction to combine Silgan’s metal container and food-and-beverage closure businesses with Trivium. The proposed venture would operate as Silgan Metal Containers and Closures.

Silgan said the transaction would create a global metal-packaging business with an indicated enterprise value of about $7.3 billion. The proposal remains subject to transaction terms and approvals; it is not a completed merger.