Ancora Releases Amcor plc Investment Thesis Presented at the Annual Bloomberg Activism Forum
Amcor plc Ordinary Shares (AMCR)
Last amcor plc ordinary shares earnings: 2/11 04:15 pm
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Source: Business Wire
Combination of Amcor and Berry Global Creates a Compelling Investment Opportunity, With 50%-70% in Potential Upside as Synergies are Realized and Valuation Re-Rates CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group LLC (collectively with its affiliates, “Ancora”) today released its positive investment thesis on Amcor plc (NYSE: AMCR; ASX: AMC) (“Amcor”) that was presented at the Bloomberg Activism Forum by James Chadwick, President of Ancora Alternatives LLC. This follows Amcor’s recently announced merger with Berry Global Group, Inc. (NYSE: BERY) (“Berry”), which the companies expect to close in the middle of next year.1 The presentation can be accessed here.Key points from the presentation:2The combined entity stands to be a premium packaging company with a durable free cash flow profile and a conservatively estimated $650 million in synergies, at what we believe is a significantly discounted valuation.The combination creates a compelling investment opportunity with 50% to 70% up
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AMCR
Earnings
- 10/31/24 - Miss
AMCR
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- AMCR's page on the SEC website