Amcor Plc Stock Price, News & Analysis

Amcor (NYSE: AMCR) has extended the application deadline for its Amcor Lift-Off Sprints challenge, seeking innovative companies developing compostable or recyclable barrier coating solutions for paper and other compostable substrates. The initiative offers successful applicants a joint development agreement with Amcor's R&D team and funding up to $500,000.

The challenge focuses on enhancing packaging functionality and sustainability through advanced barrier coatings. Key dates include:

• Application deadline: April 13, 2025
• Shortlisting: April 25, 2025
• Final Pitch Day: May 12, 2025

Interested companies can submit applications through amcor.com/ventures/lift-off/challenges, including details about their technology, business, and funding status. Applications will be reviewed by Amcor's Corporate Venturing and R&D teams.

Amcor Flexibles North America (AFNA), a subsidiary of Amcor plc (NYSE:AMCR), has priced a $2.2 billion private offering of guaranteed senior notes. The offering comprises three tranches:

• $725M of 4.800% notes due 2028
• $725M of 5.100% notes due 2030
• $750M of 5.500% notes due 2035

The notes, expected to close on March 17, 2025, will be senior unsecured obligations guaranteed by Amcor and certain subsidiaries. The proceeds will be used to repay Berry Global Group's existing debt following Amcor's merger with Berry. Most notes include a special mandatory redemption clause if the merger isn't completed by the agreement's Outside Date.

Amcor (NYSE: AMCR, ASX: AMC) and Berry Global Group (NYSE: BERY) have achieved a significant milestone in their planned combination, receiving US antitrust clearance through the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period. The companies have also secured important regulatory approvals from China and Brazil in recent weeks.

The transaction, which represents a major consolidation in the packaging industry, continues to progress with remaining regulatory approvals and customary closing conditions well advanced. Both companies maintain their expected timeline for the deal completion, targeting mid-calendar year 2025.

Amcor (NYSE: AMCR) and Berry Global have achieved a significant milestone in their planned combination, receiving US antitrust clearance through the expiration of the Hart-Scott-Rodino Act waiting period. The companies have also secured important regulatory approvals from China and Brazil.

The transaction, which combines two major packaging companies, remains on schedule with additional regulatory clearances progressing well. Both companies maintain their expected timeline for the deal completion, targeting mid-calendar year 2025.

Amcor plc announced the expiration and results of its consent solicitations from holders of Berry Global's outstanding notes, including various First Priority Senior Secured Notes due between 2027 and 2034. The solicitations, which expired on March 5, 2025, successfully obtained the required consents for proposed amendments to the notes' indentures.

The company entered into supplemental indentures with trustees and notes collateral agents for each series. While these became effective immediately upon execution, consent payments will only be made to holders who validly delivered (and did not revoke) consents, and only upon the consummation of the merger between Amcor and Berry.

The consent solicitations were managed by Goldman Sachs & Co. and UBS Investment Bank as lead solicitation agents, with BofA Securities, J.P. Morgan Securities, and Mizuho Securities USA serving as co-solicitation agents.

Amcor plc has announced consent solicitations from holders of Berry Global's secured notes, following their merger agreement announced on November 19, 2024. The solicitations seek amendments to allow the release of Berry's collateral liens and parent guarantee if Amcor provides an unconditional guarantee of Berry's payment obligations.

The consent solicitations cover five series of notes: 1.50% EUR Notes (2027), 1.65% USD Notes (2027), 5.50% USD Notes (2028), 5.800% USD Notes (2031), and 5.650% USD Notes (2034). The record date is February 25, 2025, with solicitations expiring March 5, 2025.

If holders of at least 66 2/3% of each note series consent, Berry will enter supplemental indentures. The proposed changes aim to ensure the notes rank equally with Amcor's existing notes following the merger completion and Berry 2026 Notes repayment.

Amcor (NYSE: AMCR) and Berry Global (NYSE: BERY) shareholders have overwhelmingly approved their proposed combination, with over 99% and 98% of voting shares supporting the merger respectively. The deal, announced in November 2024, will create one of the global leaders in consumer and healthcare packaging solutions.

The combined entity aims to leverage enhanced material science and innovation capabilities to better serve customers and meet sustainability goals. The merger is expected to generate $650 million in synergies and drive faster growth in attractive categories. More than 71% of Amcor's shares and 83% of Berry's shares participated in the vote.

The transaction is anticipated to close in mid-2025, subject to remaining closing conditions. Both companies view this combination as transformative for the packaging industry, creating opportunities neither company could achieve independently.

Amcor (NYSE: AMCR) and Berry Global shareholders have overwhelmingly approved their proposed combination, with over 99% of Amcor's voting shares and 98% of Berry's voting shares supporting the merger. The deal, initially announced in November 2024, will create a leading global consumer and healthcare packaging solutions company.

The combined entity expects to achieve $650 million in synergies and accelerated growth in attractive categories. The merger brings together complementary material science and innovation capabilities, aiming to revolutionize product development and address sustainability needs. The transaction is anticipated to close in mid-2025, subject to closing conditions.

Voter turnout was strong, with 71% of Amcor's outstanding shares and 83% of Berry's shares represented. Both companies will file final voting results with the SEC on Form 8-K.

Amcor (NYSE: AMCR, ASX:AMC), a global leader in responsible packaging solutions, has announced its participation in the Bank of America 2025 Global Agriculture and Materials Conference. The company's CEO Peter Konieczny and CFO Michael Casamento will engage in a fireside chat on Wednesday, February 26, 2025, at 1:15 PM Eastern time.

Interested parties can access the presentation through a live webcast, and a replay will be made available afterward on the company's investor relations website at www.amcor.com/investors under the 'presentations' section. For additional information, stakeholders can contact Damon Wright, Vice President of Investor Relations.