Berry Global Group Inc Stock Price, News & Analysis

Amcor and Berry Global Group have received unconditional approval from the European Commission for their planned combination, marking the final regulatory clearance required for the merger. The transaction is scheduled to close on April 30, 2025, pending satisfaction of remaining closing conditions.

Amcor will announce its fiscal 2025 third quarter financial results after U.S. market close on April 30, 2025, followed by a conference call and webcast at 5:30 p.m. U.S. Eastern Daylight Time on Wednesday, April 30 / 7:30 a.m. Australian Eastern Standard Time on Thursday, May 1.

Amcor (NYSE: AMCR) and Berry Global Group (NYSE: BERY) have received unconditional approval from the European Commission for their planned combination under the EU Merger Regulation. This approval represents the final regulatory clearance required for the merger.

The transaction is scheduled to close on April 30, 2025, pending satisfaction of remaining closing conditions. Coinciding with the closing, Amcor will release its fiscal 2025 third quarter financial results (period ended March 31, 2025) after U.S. market close on April 30, 2025.

Berry Global (NYSE: BERY) has released its 2024 Sustainability Report, showcasing significant achievements in its Impact 2025 strategy. The company received an MSCI rating upgrade to AA and EcoVadis Gold recognition.

Key highlights include:

• 43% year-over-year increase in post-consumer resin purchases, reaching 5.1% of total volume
• 28.3% reduction in Scope 1 and 2 emissions compared to 2019, exceeding 2025 target
• 31% increase in renewable energy usage, eliminating 58,089 Metric Tons of CO2
• 93% of FMCG packaging now recyclable or with recyclable alternatives
• 130% increase in bioplastics purchases, from 0.6% to 1.5%

The company's sustainability initiatives include the Berry Circular Polymers facility in Leamington Spa, U.K., featuring CleanStream® technology for recycling polypropylene waste. The facility can process nearly 40% of UK's domestic polypropylene waste.

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.

Berry Global (NYSE: BERY) has achieved a significant milestone by receiving a Gold medal from EcoVadis, ranking in the top 2% of companies overall and top 1% for plastic product manufacturers. The recognition highlights Berry's sustainability leadership across multiple areas.

The company demonstrated excellence in environment, ethics, labor and human rights, and sustainable procurement. Notable achievements include:

• Reaching their 2025 goal of 25% reduction in operational emissions two years early
• Commitment to science-based GHG reduction targets and net-zero emissions by 2050
• Improvements in making lighter weight products while maintaining quality
• Increased use of post-consumer recycled plastic
• Innovation in recyclable package designs

In terms of safety and compliance, Berry Global conducts health and safety risk assessments across 100% of facilities and maintains safety committees at each location. The company plans to publish its annual sustainability report later this month with additional progress details.

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.