Switzerland-based Amcor plc (AMCR) entered a merger agreement on November 19, 2024, to acquire its U.S. peer Berry Global Group, Inc. (BERY) in an all-stock deal valued at $18.23 billion, including debt, establishing a company with a robust footprint in the consumer and healthcare packaging sectors.
As per the terms of the agreement, Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively.