Berry Global Group, INC
Market Movers (8-K)
Berry Global Group, Inc. has completed its merger with Amcor plc, resulting in Berry becoming a wholly-owned subsidiary of Amcor, along with associated debt repayments, board resignations, and changes to stock and option awards.
Berry Global reports in-line second quarter results with 2% organic volume growth, driven by positive performance across all segments, while managing strategic portfolio activities.
8-K: Berry Global Recasts Financial Statements Following HHNF Spin-Off and Merger Agreement with Amcor
Berry Global Group, Inc. files recast financial statements to reflect the spin-off and merger of its Health, Hygiene & Specialties Global Nonwovens and Films business (HHNF) as discontinued operations, aligning with U.S. GAAP and preparing for its merger with Amcor plc.
Worse than expected
Amcor and Berry Global have received unconditional approval from the European Commission for their merger, with the closing expected on April 30, 2025.
Amcor and Berry Global announced the expiration of the HSR Act waiting period, clearing a key regulatory hurdle for their merger, which is expected to close in mid-2025.
Berry Global has obtained the necessary consents from noteholders to amend indentures, paving the way for Amcor's potential guarantee of Berry's debt obligations upon completion of their merger.
Quarterly Earnings (10-Q)
Berry Global Group's Q2 2025 results show flat net sales but increased operating income, driven by divestitures and cost savings, as the company anticipates closing its merger with Amcor.
Berry Global Group's Q1 2025 results reveal a slight increase in net sales but a decrease in operating income, influenced by business integration costs related to the pending merger with Amcor and the spin-off of the Health, Hygiene & Specialties (HHNF) business.
Worse than expected
Berry Global Group's Q3 2024 results show a slight decrease in net sales but an increase in operating income, influenced by lower raw material costs and strategic business adjustments.
Worse than expected
Berry Global Group's Q2 2024 results show a decrease in net sales and operating income due to lower prices, reduced volumes, and divestiture losses, despite ongoing cost-saving initiatives.
Worse than expected
Berry Global Group's first quarter results show a decrease in net sales and operating income, alongside the announcement of a strategic spin-off of its Health, Hygiene & Specialties segment.
Worse than expected
Annual Reports (10-K)
Berry Global Group, Inc. has made several amendments to its Employee Matters Agreement, primarily concerning the treatment of stock options and restricted stock units for employees involved in the spin-off of its Health, Hygiene & Specialties business.
Worse than expected
Insider Trading (Form 4)
Director Peter T. Thomas reports the disposal of Berry Global Group shares and conversion of derivative securities following the acquisition by Amcor plc on April 30, 2025.
Director Jonathan Foster reports the disposal of Berry Global Group shares and derivative securities following the completion of the acquisition by Amcor plc on April 30, 2025.
Director Evan Bayh reports the disposal of Berry Global Group shares and derivative securities following the completion of the acquisition by Amcor plc on April 30, 2025.
John Yellig, Interim President of Berry Global Group, reports the disposal of common stock, restricted stock units, and employee stock options due to the completion of the acquisition by Amcor plc on April 30, 2025.
Jason K. Greene, Chief Legal Officer of Berry Global Group, reports the disposition of common stock, restricted stock units, and employee stock options due to the completion of the merger with Amcor plc on April 30, 2025.
Jean-Marc Galvez, President of Berry Global Group, reports the disposition of stock options and restricted stock units following the acquisition of Berry Global Group by Amcor plc.
Proxy Statements (Def-14A)
Amcor plc will acquire Berry Global Group, Inc., pending shareholder approval, in an all-stock transaction where Berry stockholders will receive 7.25 Amcor ordinary shares for each Berry share.
Capital raise
Berry Global Group has announced its annual meeting of stockholders will be held on February 5, 2025, in Evansville, Indiana, with proxy voting available online, by phone, or by mail.