Amcor plc and Berry Global Group, Inc. announced progress towards the completion of their all-stock transaction, with the filing of a joint proxy statement with the U.S. Securities and Exchange Commission. Shareholder meetings for both companies are scheduled for February 25, 2025. The merger will create a global leader in consumer and healthcare packaging, combining flexible films, containers, closures, and dispensing solutions to drive innovation and address sustainability needs.

The transaction is expected to generate $650 million in cost, growth, and financial synergies within three years, alongside annual cash flow exceeding $3 billion and enhanced shareholder value through accelerated earnings and dividend growth. The merger, unanimously recommended by both Boards, aims to close by mid-2025, pending shareholder and regulatory approvals.