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Stock impact report

Berry and Glatfelter Announce Information for Anticipated Completion of Spin-Off and Subsequent Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with G...

Glatfelter Corporation (GLT) 
Last glatfelter corporation earnings: 2/6 07:02 am Check Earnings Report
Company Research Source: Yahoo! Finance
Group, Inc. (NYSE: BERY) ("Berry") and Glatfelter Corporation (NYSE: GLT) ("Glatfelter") announced today that Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business ("HHNF Business"). The spin-off and merger of Berry's HHNF Business with Glatfelter are expected to be completed on November 4, 2024, subject to the satisfaction or waiver of the closing conditions for the transaction. As previously announced, in connection with the merger, Glatfelter will effect a reverse stock split and change its name to Magnera Corporation ("Magnera"). Subject to the satisfaction or waiver of the closing conditions, on November 4, 2024, (1) Berry will distribute all of the shares of stock of its wholly owned subsidiary that owns the HHNF Business ("Spinco") to Berry stockholders as of the close of business on the November 1, 2024 record date by means of a pro rata distribution, (2) S Show less Read more
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