Kirkland & Ellis is advising Amcor plc (NYSE: AMCR; ASX: AMC) on a definitive agreement in which the company will combine with Berry Global Group Inc. (NYSE: BERY) through an all-stock merger. The transaction was announced November 19, 2024. Closing is targeted in the middle of calendar year 2025. The combination brings together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business and a unique global healthcare portfolio.
Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively. The transaction received unanimous approval of the boards of directors of both Amcor and Berry and values Berry’s common stock at $73.59 per share. The transaction will create a combined company with an enterprise value of approximately $37 billion.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
