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Gores Holdings V entered a business combination with Ardagh Metal Packaging, which will become a standalone listed company. Ardagh Group will still own about 82% after the deal.
Ardagh Metal Packaging completed its merger with Gores Holdings V on August 5, 2021, and began trading on the New York Stock Exchange under AMBP, with Ardagh Group keeping about 82% of the business. Gores Holdings V reportedly paid around $1 billion for the deal.
Ardagh Metal Packaging, the metal packaging business of Ardagh Group, completed its $8.5 billion business combination with the special purpose acquisition company Gores Holdings V on August 4, 2021, becoming an independent public company.
Ardagh Metal Packaging S.A., a beverage can producer, completed its business combination with special purpose acquisition company Gores Holdings V on 4 August 2021. The combined company begins trading on the NYSE as AMBP on 5 August 2021.
Ardagh Group agreed to combine its metal packaging business, Ardagh Metal Packaging, with special purpose acquisition company Gores Holdings V, with the new company to list on the NYSE under AMBP. Ardagh will keep about 80% and receive up to $3.4 billion in cash.
Anheuser-Busch agreed to sell its Houston-based Longhorn Glass manufacturing facility, which supplies bottles to its Houston brewery, to Ardagh Group. Ardagh plans to invest in modernizing the facility, and the transaction is expected to be followed by a long-term supply agreement.
