Amcor And Berry Seal The Deal: $73.59 Per Share Merger To Forge Packaging Powerhouse [Yahoo! Finance]
Amcor plc Ordinary Shares (AMCR)
Last amcor plc ordinary shares earnings: 2/11 04:15 pm
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Source: Yahoo! Finance
The deal price represents a premium of about 10% to Monday's closing price of $67.05. As per the deal, Berry shareholders will receive 7.25 Amcor shares for each Berry share, giving Amcor and Berry shareholders 63% and 37% ownership of the combined company, respectively. The boards of Amcor and Berry have unanimously approved the transaction, with closing targeted for mid-2025. Post-completion, Peter Konieczny will lead the combined company as CEO, with Graeme Liebelt as Chairman and Stephen Sterrett as Deputy Chairman. The combined entity, named Amcor plc, will retain its NYSE primary listing, ASX secondary listing, and global headquarters in Zurich, Switzerland. The combined company is expected to have revenues of $24 billion and an adjusted EBITDA of $4.3 billion, including anticipated run-rate synergies. The combined company expects annual cash flow exceeding $3 billion, supporting reinvestment, dividends, M&A, and share repurchases. Net leverage is projected at 3.3x
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AMCR
News
- Berry Global Set to be Acquired by Amcor in an All-Stock Deal [Yahoo! Finance]Yahoo! Finance
- Poultry Packaging Market to surpass USD 6.5 billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]Yahoo! Finance
- Vacuum Skin Packaging Market to surpass USD 11.5 billion by 2032, Says Global Market Insights inc. [Yahoo! Finance]Yahoo! Finance
- Amcor to Accelerate Growth With Berry Global Merger Agreement [Yahoo! Finance]Yahoo! Finance
- Packaging companies Amcor and Berry Global announce $8.4bn merger [Yahoo! Finance]Yahoo! Finance
AMCR
Earnings
- 10/31/24 - Miss
AMCR
Sec Filings
- 11/19/24 - Form 8-K/A
- 11/19/24 - Form 8-K
- 11/8/24 - Form 3
- AMCR's page on the SEC website