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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.
See more insights into BERY stock on TipRanks’ Stock Analysis page.
