Ancora Backs Amcor's $8.4B Berry Global Deal ($BERY), Foresees 50-70% Upside ($AMCR)

Activist investor Ancora has expressed support for Amcor's $8.4 billion acquisition of Berry Global, indicating a potential upside of 50% to 70% for the deal. This endorsement highlights Ancora's confidence in the strategic benefits of the acquisition, which aims to enhance Amcor's market position in the packaging sector. The deal is seen as a significant move in the industry, reflecting ongoing consolidation efforts among major players.