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February 14, 2024, US packaging producer Berry Global Group signed a definitive agreement with fellow US Glatfelter Corporation on 7 February for the spin-off and merger of the majority of Berry’s Health, Hygiene ad Specialties segment, including nonwovens and films ("HHNF”), with Glatfelter. The merger reportedly aims to create a leading ...
As an example, assuming 115,057,848 Berry shares outstanding as of the record date and 45,954,863 Glatfelter shares outstanding as of the closing, on a fully-diluted basis, before giving effect to the reverse stock split, the total shares of Glatfelter common stock issuable pursuant to the merger would equal 413,593,767 shares (or approximately ...
CHARLOTTE, N.C. and EVANSVILLE, Ind., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) and Berry Global Group, Inc. (NYSE: BERY) (“Berry”) announced today that Glatfelter’s shareholders have approved all matters relating to the merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business (“HHNF Business”) with ...
“This announcement is a significant step forward in our process to complete the merger of Glatfelter and Berry’s HHNF business and operate as one under the new Magnera name. I am very pleased with the level of expertise, diverse perspectives, and passion this collective group of professionals brings to the Magnera Board.
Berry Global Group, Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. [2] Headquartered in Evansville, Indiana, it has over 265 facilities across the globe and more than 46,000 employees [3]
With the business potentially at an important milestone, we thought we'd take a closer look at Glatfelter Corporation's...
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The two companies had agreed to a $54 billion deal that would allow AbbVie to move its headquarters overseas to Europe, reducing their corporate tax rate. However, the U.S. Treasury passed laws, tightening down on tax inversion deals just before the merger was completed, making the agreement much less profitable for AbbVie. [citation needed] 15 ...