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Koch in Discussions to Acquire Pactiv

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Koch Industries, owner of Georgia-Pacific, Atlanta, Ga., USA, is reportedly in "deep discussions" to buy packaging maker Pactiv Corp., according to Reuters and New York Post reports this past week. The Post reported that bids for Pactiv, which makes Hefty brand trash bags, were likely in early to mid-August.

Georgia-Pacific was reported to be among the bidders for Pactiv in May. According to Reuters, a source familiar with the situation previously told them that buyout firm Apollo was also in discussions to buy the company.