Berry Global Group and Amcor announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, marking a key milestone in their planned merger. The merger, originally announced on November 19, 2024, will see Berry become a wholly owned subsidiary of Amcor. With this regulatory hurdle cleared, the companies expect the transaction to close in mid-2025, subject to remaining conditions.

The merger aims to enhance operational efficiencies and expand market reach. The companies reiterated that the transaction remains subject to shareholder approval and additional regulatory reviews. A joint press release was issued on March 11, 2025, detailing the progress.

Forward-looking statements caution that risks remain, including regulatory hurdles, integration challenges, and market conditions that could affect the anticipated benefits of the deal. Berry and Amcor have advised investors to review their SEC filings for further details on potential risks and developments.

Berry Global Group and Amcor announced that Amcor has begun consent solicitations for certain senior secured notes issued by Berry Global, Inc. The move is related to their planned merger and aims to align the credit support of Berry’s notes with Amcor’s existing senior notes. The merger is not contingent on the success of these solicitations.

A joint press release regarding the consent solicitations was issued on February 26, 2025. The merger agreement, signed on November 19, 2024, remains subject to regulatory approvals and other conditions.

Berry and Amcor caution that forward-looking statements about the merger’s anticipated benefits, financial impact, and integration risks are subject to uncertainties. Neither company guarantees the expected results, and they disclaim any obligation to update projections.

Berry Global Group, Inc. announced the commencement of an exchange offer for $800 million of its new 5.650% First Priority Senior Secured Notes due 2034 and $800 million of its new 5.800% First Priority Senior Secured Notes due 2031. These new Exchange Notes will replace the company’s unregistered Outstanding Notes of the same terms, offering registered securities without transfer restrictions. The exchange offer, limited to holders of Outstanding Notes, expires on February 11, 2025.

The Exchange Notes are identical to the Outstanding Notes except for registration under the Securities Act of 1933, differing CUSIP numbers, and the removal of transfer restrictions, registration rights, and certain additional interest provisions. Holders can withdraw their tenders before the expiration date.

Berry Global emphasized its commitment to innovative packaging solutions and sustainability. Forward-looking statements in the announcement highlight risks associated with market conditions, legal compliance, and the proposed transaction with Amcor. Readers are cautioned to consider the outlined risk factors and rely on the most current information. For more details, investors are encouraged to contact Dustin Stilwell, VP of Investor Relations.