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By Andrew Marc Noel and Jack Kaskey

March 8, 2019 at 7:24 AM UTC

Updated on

March 8, 2019 at 5:01 PM UTC

This article is for subscribers only.

Berry Global Group Inc. agreed to buy RPC Group Plc for 3.34 billion pounds ($4.4 billion) to create one of the world’s largest plastic-packaging companies, derailing a rival takeover plan by Apollo Global Management.

Once a holding of Apollo, Berry boosted the cash part of its proposal to win backing from RPC’S board. Shareholders would get 793 pence a share in cash, Berry said in a statement on Friday, or 11 pence more than Apollo’s offer.