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Berry Global and Amcor Plc announce definitive merger agreement https://t.co/g5GmjTUyn4
In 4/2020, I bot $BERY thinking it cheap and that it had some NT covid tailwinds to offset some headwinds. I took some off in 2022 and 2023. I could pat myself on the back as its getting acquired today and thus far at ~20% IRR / 1.95x. But $SPY is up 20%/yr too. https://t.co/vLGNBIxYo7
Packaging firm Amcor to buy Berry for $8.43 billion https://t.co/Zt2omciv0X https://t.co/9ruP3FAAy2
Amcor Plc has announced plans to acquire Berry Global Group Inc in an all-stock transaction valued at $8.4 billion. The deal will combine two of the world's largest packaging companies, with Amcor maintaining its primary listing on the NYSE and a secondary listing on the ASX. Berry Global's shares are valued at $73.59 each in this merger. The acquisition is part of a broader trend in the packaging industry, signaling an increase in merger activities.
