Germany's Gerresheimer AG , a maker of medical supplies such as pill bottles and syringes, has lost interest in the healthcare packaging unit of Rexam Plc, the company said on Wednesday.Sources told Reuters last month that Gerresheimer was competing with U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc to purchase Rexam's healthcare packaging unit in a deal expected to fetch a little less than $1 billion.Private equity firms, including Bain Capital LLC and KKR & Co LP, also put in offers, the sources said.A Gerresheimer spokesman confirmed a report in German newspaper Handelsblatt, which quoted the group's chief executive as saying that the Rexam unit did not fulfil Gerresheimer's acquisition criteria.
Berry Plastics Group, Inc. (Berry) is a provider of plastic consumer packaging and engineered materials. Shares of BERY remained unchanged at $21.79. In the past year, the shares have traded as low as $14.47 and as high as $26.50. On average, 974191 shares of BERY exchange hands on a given day and today's volume is recorded at 0.
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