CD&R Is Said to Near Takeover of Bubble Wrap Creator Sealed Air

Clayton Dubilier & Rice is nearing an acquisition of Sealed Air Corp., the packaging company behind Bubble Wrap, people with knowledge of the matter said.

The private equity firm is putting the finishing touches on a offer for the Charlotte, North Carolina-based company, according to the people. A deal could be announced as soon as Monday, they said.

Shares of Sealed Air closed Friday at $43.28 in New York, giving the company a market value of about $6.4 billion. The stock jumped last week after reports that CD&R was weighing a takeover.

While talks are at an advanced stage, ...