Episode Details

Ardagh Metal Packaging, the giant behind most of the cans and bottles you use, could be up for sale as its parent company, Ardagh Holdings, seeks to cash out. Controlled by bondholders who took over last year after a debt-heavy merger went south amid pandemic chaos and rising rates, the company is now eyeing a sale of its 76% stake. Meanwhile, the metal packaging division is booming—sales up 18%, earnings up 14%, and stock soaring—making it an attractive target. Bondholders may even buy more shares to bundle the whole operation for a single buyer, though no timeline or details are public yet.

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