Amcor and Berry Global Group, Inc. announced on November 19, 2024, that they have entered into a definitive merger agreement for an all-stock transaction valued at approximately $8.4 billion. This deal will create a global leader in consumer and healthcare packaging solutions.
Under the terms of the agreement, Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held. This will result in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively.
The combined entity is projected to have annual revenues of about $24 billion. Amcor anticipates substantial synergies totaling $650 million over three years, with $260 million expected in fiscal year 2026 alone. The transaction is expected to close by mid-2025, pending shareholder and regulatory approvals.
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