Berry Global and Glatfelter to merge Berry's nonwovens and films business in tax-free spin-off

Berry Global agreed to spin off and merge its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust deal valuing the combined company at $3.6 billion enterprise value. Berry shareholders will own 90% of the combined company and Berry will receive about $1 billion in cash.

“Berry Global Group, Inc. and Glatfelter Corporation announced today they have entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment”packagingsolutions.amcor.com

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• packagingsolutions.amcor.com15106 Berry Global and Glatfelter Announce Plans for Tax | AmcorFeb 7, 2024

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