Hold Recommendation for Berry Global Group Amid Merger with …

3 days ago · Berry Global Group (BERY) has received a new Hold rating, initiated by Citi analyst, Anthony Pettinari. Don't Miss our Black Friday Offers: Unlock your investing potential with …

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Hold Rating On Berry Global Group Amid Strategic Merger With …

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Nov 21, 2024 · Edlain Rodriguez, an analyst from Mizuho Securities, maintained the Hold rating on Berry Global Group (BERY – Research Report). The associated price target is $72.00. …

businessinsider.com

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AMCOR AND BERRY TO COMBINE IN AN ALL-STOCK …

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Nov 19, 2024 · $650 Million Annual Earnings Synergies Benefit. Over 35% Adjusted Cash EPS Accretion. Companies to Host Investor Conference Call Today at 8:00am U.S. Eastern Time. …

marketscreener.com

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Amcor Buys Consumer Packaging Rival Berry Global In $8.4 Billion …

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Nov 19, 2024 · Amcor has reached a deal to acquire rival packaging company Berry Global Group in an $8.4 billion all-stock transaction. ... The merger values Berry’s stock at $73.59 per share, …

investopedia.com

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Amcor To Buy Berry Global In $8.4 Billion Deal To Create Packaging ...

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Nov 19, 2024 · Switzerland-based Amcor Plc , on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in an all-stock deal, creating a consumer and healthcare packaging giant with …

reuters.com

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Packaging Giants Amcor And Berry To Combine As Merger …

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Nov 19, 2024 · Berry Global Group Inc.’s stock was up 2% Tuesday after the packaging company agreed to be acquired by Amcor PLC for about $8.4 billion in stock, in a sign that an expected …

marketwatch.com

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Amcor: Creating A Consumer Packaging Giant With Berry Global …

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Nov 19, 2024 · Amcor plc and Berry Global Group, Inc. merger creates a global packaging leader with a $15.7bn valuation. Click for more on the BERY and AMCR combination.

seekingalpha.com

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JPMorgan Bullish On Berry Global Stock, Sees 15% Annualized …

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3 days ago · Berry Global Group has entered into an acquisition agreement with Amcor (NYSE: AMCR), in which Amcor will hold a 63% stake in the new combined entity, while Berry will …

investing.com

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Kirkland Advises Amcor On $37 Billion Merger With Berry Global

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Nov 19, 2024 · The combination brings together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film …

kirkland.com

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Packaging Firms Amcor And Berry Global Announce $8.4bn Merger

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Nov 20, 2024 · Amcor will hold approximately 63% of the combined entity while Berry will own the remaining 37%. The transaction, which values Berry’s common stock at $73.59 per share, has …

packaging-gateway.com

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BofA Moves To No Rating On Berry Global Following Amcor Merger ...

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Nov 20, 2024 · Berry Global sees FY25 adjusted EPS $6.10-$6.60 Berry Global reports Q4 adjusted EPS $2.27, consensus $2.25 Berry Global Group Merges with Amcor for Market …

businessinsider.com

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Amcor, Berry Global Group To Merge Under All-Stock Transaction

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Nov 19, 2024 · Amcor plc entered into a definitive merger agreement to acquire Berry Global Group, Inc. for approximately $8.5 billion. 2024-11-18: CI Amcor and Power Roll Limited to …

marketscreener.com

FAQs about Hold Recommendation for Berry Global Group Amid Merger with … Coupon?

Will Berry Global Group & Amcor merge?

Summary Berry Global Group and Amcor announced a merger in an all-stock deal, despite recent spin-off activity involving Berry and Glatfelter Corporation. The merger is expected to generate $650 million in annualized synergies. Unfortunately, Berry Global Group is getting the short end of the stick, but that doesn't make it unappealing. ...

Is Berry Global Group merging?

In addition to the management team at Berry Global Group announcing financial results for the finalquarter of the 2024 fiscal year and providing guidance for 2025, the two enterprises also announced that they would be merging in an all-stock deal. In many cases, transactions like this are pretty simple to understand. ...

Will Berry Global Group merge with AMCR?

Berry Global Group has entered into an agreement to merge with AMCR, and under the terms of this deal, Berry’s shareholders will receive shares of AMCR in exchange. The anticipated closure of this merger by mid-2025 and the current trading conditions have influenced the valuation of Berry’s shares. ...

What happened to Berry Global Group?

Berry Global Group, Inc. BERY recently entered into an agreement to be acquired by Amcor plc AMCR. The financial terms of the transaction were kept under wraps. BERY’s shares jumped 4.3% yesterday to eventually close the trading session at $69. ...

Why was Berry Global Group stock up 29% in premarket trading?

Photo: vincenzo pinto/Agence France-Presse/Getty Images Berry Global Group Inc.’s stock was up 2.9% to $69.01 in premarket trading on Tuesday after the packing company agreed to be acquired by Amcor Plc for about $8.4 billion in stock in a sign that an expected surge in big mergers is underway. ...

How did Berry Global Group perform in fiscal year 2024?

Despite experiencing a modest shortfall in their first quarter results for fiscal year 2024, Berry Global Group was able to maintain their full-year guidance, reflecting confidence in their earnings and EBITDA projections. This suggests that the company’s fundamentals remain robust in the face of demand softness in consumer and industrial markets. ...