S-4 A and Acceleration Request

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Stock Amcor Plc (AMC.ASX)
Release Time 22 Jan 2025, 9:05 a.m.
Price Sensitive Yes
 Amcor Files S-4 A and Acceleration Request
Key Points
  • Amcor plc filed S-4 A and Acceleration Request with SEC on January 21, 2025
  • Merger proposed between Amcor and Berry Global Group, Inc.
  • Amcor shareholders to vote on share issuance and meeting adjournment
Full Summary

Amcor plc filed the attached S-4 A and Acceleration Request with the SEC on Tuesday, January 21, 2025. The filing is related to a proposed merger between Amcor, Aurora Spirit, Inc. (a wholly-owned subsidiary of Amcor), and Berry Global Group, Inc. (Berry). Under the terms of the merger agreement, Merger Sub will merge with and into Berry, with Berry surviving as a wholly-owned subsidiary of Amcor. At the effective time of the merger, each issued and outstanding share of Berry common stock will be converted into the right to receive 7.25 fully paid and non-assessable ordinary shares of Amcor. Immediately after the merger, Amcor shareholders are expected to collectively own approximately 63% of the outstanding capital stock of the combined company, and Berry stockholders are expected to collectively own approximately 37%. Amcor will hold an extraordinary general meeting of its shareholders to vote on the issuance of Amcor ordinary shares to Berry stockholders and the adjournment of the meeting, if necessary. Berry will hold a special meeting of its stockholders to vote on the adoption of the merger agreement, the advisory compensation proposal, and the adjournment of the meeting, if necessary.