Amcor Plc Stock Price, News & Analysis

Amcor and Berry Global have filed their definitive joint proxy statement with the SEC, marking a significant step toward completing their previously announced all-stock merger. Both companies will hold shareholder meetings on February 25, 2025. The merger aims to create a global leader in consumer and healthcare packaging solutions.

The combined entity expects to achieve $650 million in synergies through cost savings, growth, and financial improvements by the end of the third year post-merger. This includes $530 million in cost synergies, $60 million in financial savings, and $60 million from growth synergies. The company projects combined annual cash flow exceeding $3 billion and over 35% adjusted cash earnings per share accretion.

The transaction, unanimously recommended by both boards, is expected to close by mid-2025. The merger aims to enhance long-term shareholder value creation from 10-15% to 13-18% annually through sustained higher earnings growth and continued dividend growth.

Amcor (NYSE: AMCR) and Berry Global have filed their definitive joint proxy statement with the SEC, marking a significant step toward completing their previously announced all-stock merger. Both companies will hold shareholder meetings on February 25, 2025, with the transaction expected to close by mid-2025.

The merger aims to create a global leader in consumer and healthcare packaging solutions. The combined entity expects to achieve $650 million in synergies by the end of the third year post-merger, including $530 million in cost synergies, $60 million in financial savings, and $60 million from growth synergies. The company projects combined annual cash flow exceeding $3 billion and anticipates over 35% adjusted cash earnings per share accretion.

The transaction, unanimously recommended by both boards, is expected to enhance long-term shareholder value creation from 10-15% to 13-18% per annum through higher earnings growth and continued dividend growth.

Amcor plc (NYSE: AMCR; ASX: AMC) has announced it will release its fiscal 2025 second quarter and half year results for the period ended December 31, 2024. The announcement will be made before US market opening on February 4, 2025.

The company will host a conference call and webcast to discuss the results at 8:00 AM US Eastern Standard Time on February 4, 2025 (12:00 AM Australian Eastern Daylight Time on February 5, 2025). Toll-free and local dial-in numbers are provided for participants from the USA, Australia, United Kingdom, Hong Kong, and Singapore.

The webcast and supporting materials will be accessible through Amcor's Investors section website, with a replay available after the call.

Amcor (NYSE: AMCR, ASX: AMC) has been included in the Dow Jones Sustainability Indices (DJSI) Australia Index, positioning itself among the top 12% in the packaging and containers industry for environmental, social, and governance performance. This recognition holds special significance as it comes from the country where Amcor was established 165 years ago.

The DJSI, launched in 1999, represents the first global sustainability benchmarks in the market, comprising global, regional, and country indices. These are float-adjusted, market-capitalization-weighted indices that evaluate companies based on ESG criteria.

Tracey Whitehead, Amcor's global head of investor relations, emphasized the company's commitment to providing responsible packaging solutions that benefit both customers and the environment. Amcor continues to focus on innovative change and product design advancement across various materials, while working towards shaping a circular society through strategic partnerships and investments.

Amcor (NYSE: AMCR) has completed the sale of its 50% stake in Bericap North America (BCNA) for $122 million on December 27. The proceeds will be used to reduce the company's debt. The joint venture reported fiscal 2024 total sales of approximately $190 million and adjusted EBIT of $19 million, which were previously consolidated under Amcor's Rigid Packaging business. Amcor's attributable adjusted net income from BCNA for fiscal 2024 was approximately $8 million. The company stated that, after accounting for reduced interest expenses, the transaction is not expected to impact its fiscal 2025 financial outlook.

Ancora Holdings Group has released its investment thesis on Amcor plc following the announced merger with Berry Global Group. The presentation, delivered at the Bloomberg Activism Forum, highlights the potential of the combined entity as a premium packaging company. Key financial projections include:

- Conservative synergy estimates of $650 million
- Projected proforma EBITDA of $4.5 billion
- Potential share price increase from ~$10 to ~$16
- Expected upside of 50-70%

The merger is anticipated to close in mid-2025, creating what Ancora believes will be a company with a durable free cash flow profile at a significantly discounted valuation.

Amcor and Berry have announced a merger agreement in an all-stock transaction, creating a global leader in consumer packaging solutions. Berry shareholders will receive 7.25 Amcor shares for each Berry share, valuing Berry's stock at $73.59 per share. The combined company will have $24 billion in revenues and $4.3 billion in adjusted EBITDA, including synergies. The merger expects to deliver $650 million in annual earnings synergies and over 35% adjusted cash EPS accretion. The transaction, expected to close mid-2025, will result in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively.

Amcor (NYSE: AMCR) has signed an MOU with Power Roll to develop lightweight solar photovoltaic film as a low-cost alternative to silicon solar panels. The collaboration aims to revolutionize solar-powered energy with Power Roll's technology, which doesn't require rare earth minerals and can be manufactured using roll-to-roll processes. The film targets applications including fragile rooftops, facades, off-grid generation, and transport sector use. Power Roll highlights that one-third of commercial rooftops globally (12 billion m²) cannot support traditional solar panels, presenting a significant market opportunity.

Amcor (NYSE: AMCR) has received recognition at the 35th Packaging Innovation Awards for its AmPrima® Plus coffee packaging solution. The innovative mono-PE pouch offers up to 68% reduction in carbon footprint compared to traditional alternatives while maintaining product freshness. The solution addresses growing consumer demand for sustainable packaging, with research showing 44% of coffee consumers are influenced by sustainability claims. The product, designed following CEFLEX guidelines, helps brands transition to recyclable packaging solutions while maintaining performance. As of fiscal year 2024, 94% of Amcor's global flexible packaging portfolio has recycle-ready solutions available.