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updated: 2/24/2010 11:07 AM

Pactiv to acquire PWP Industries

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Pactiv Corp., the maker of Hefty garbage bags, climbed 4.3 percent to $23.71 at 9:53 a.m. in New York trading after agreeing to acquire PWP Industries for $200 million and saying it will increase its share buyback by $10 million.

Pactiv is based in Lake Forest.