Ropak Corp.: The plastics manufacturer said Monday...
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Ropak Corp.: The plastics manufacturer said Monday that it has set up an independent committee to review a formal proposal from a British competitor to buy the company.
Privately held Linpac Mouldings Ltd. of Birmingham, England, which already owns an 8.5% stake in Ropak, is offering $10.50 a share in cash for the remaining stock of the Fullerton company.
The Roper family, which founded the company in 1978, controls a 25.4% stake in Ropak. They have said that they favor the merger.
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