Amcor to Acquire Berry Global in $8.4 Billion Packaging Deal
- Amcor shareholders will own about 63% of combined companies
- Packaging industry has seen a flurry of recent deals
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Amcor Plc agreed to acquire Berry Global Group Inc. for about $8.4 billion in a combination of two of the world’s biggest makers of packaging.
Shareholders of Evansville, Indiana-based Berry will receive 7.25 Amcor shares for each Berry share in the all-stock transaction, according to a statement. At $73.59 per Berry share, the price represents a roughly 10% premium to Monday’s close.