Berry Global Group Merges with Amcor for Market Expansion

Berry Global Group ( (BERY) ) has issued an update.

Amcor and Berry have announced a merger to create a global leader in consumer and healthcare packaging solutions. This all-stock transaction will combine their complementary businesses, aiming to enhance product offerings, support customer growth, and accelerate sustainable packaging solutions. The merger promises $650 million in annual earnings synergies and over 35% adjusted cash EPS accretion, positioning the new entity for significant innovation and market expansion. Shareholders of Berry will receive Amcor shares, with both boards unanimously approving the merger.

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