Ropak Corp.: The majority stockholder will offer...

Ropak Corp.: The majority stockholder will offer to purchase Ropak’s remaining shares outstanding for $10.50 each in cash, according to a stock-purchase agreement filed Thursday with the Securities and Exchange Commission. Linpac Mouldings Ltd., which holds a 57% stake in the Fullerton maker of plastic packaging and handling products, said that under terms of the agreement, it would either make a cash tender offer of $10.50 a share by April 30 or allow Ropak shareholders to vote on a merger at the same price. Linpac, a Birmingham, England, packaging manufacturer, had withdrawn a previous offer at the same price after a Ropak board committee rejected it as too low.