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SEE — Sealed Air News Story

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Sealed Air soars on reports of Clayton Dubilier & Rice take-private talks

Updates

** Shares of packaging company Sealed Air SEE.N rise as much as 21.7% to a more than two-year high of $44.27

** Equity firm Clayton Dubilier & Rice is in talks to acquire co in a take-private deal, per reports from Wednesday

** Brokerage RBC says valuation considerations point to an above $50 takeout value

** Sees Ancora Alternatives, an activist investor in SEE, likely pushing for a buyout, as it has facilitated other breakups

** Jefferies analysts see a per share take out price range of $40 to $48, adds co could argue for higher end of range, with its Protective segment being at a cyclical trough following several years of volumes, earnings decline

** Average rating of 18 brokerages analysts is "buy"; with a median PT of $42.50 — data compiled by LSEG

** Up to last close, stock has risen 7.5% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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