Mar 02, 2016. /Lesprom Network/. CCL Industries Inc. has entered into a definitive merger agreement to acquire Checkpoint Systems, Inc. for $10.15 per share in an all-cash transaction valued at approximately $556 million, including net cash, as the company said in the press release received by Lesprom Network.

The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in mid-2016.
The $10.15 per share in cash represents a premium of approximately 29% to the closing price on March 1, 2016, the last trading day prior to the signing of the definitive merger agreement.

Checkpoint is a leading manufacturer of technology-driven, loss prevention, inventory management and labeling solutions, including RF and RFID-based, to the retail & apparel industry.

CCL Industries Inc. is a world leader in specialty label and packaging solutions.