Amcor to Accelerate Growth With Berry Global Merger Agreement

Zacks11-20 23:07

Amcor plc AMCR announced that it entered a definitive merger agreement with Berry Global Group, Inc. BERY. This deal boosts AMCR’s growth strategy by focusing the company's portfolio on faster growing...

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BERY. This deal boosts AMCR’s growth strategy by focusing the company's portfolio on faster growing...</p>\n\n<a href=\"https://finance.yahoo.com/news/amcor-accelerate-growth-berry-global-150700793.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4597","symbol_name":"股息贵族","start_time":0,"source_url":"https://finance.yahoo.com/news/amcor-accelerate-growth-berry-global-150700793.html","article_id":"2485476691","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485476691","pubTimestamp":1732115220,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Amcor plc AMCR announced that it entered a definitive merger agreement with Berry Global Group, Inc. BERY. This deal boosts AMCR’s growth strategy by focusing the company's portfolio on faster growing, better margin categories.Financial Details of AMCR’s Merger Deal With Berry Global. The company currently carries a Zacks Rank #3 .Some better-ranked stocks from the Industrial Products sector are Federal Signal Corporation FSS and RBC Bearings Incorporated RBC. Both these companies have a Zacks Rank #2  at present. You can see the complete list of today's Zacks #1 Rank  stocks here.Federal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’s 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 30.4% in a year.The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4597":"股息贵族","BK4126":"金属与玻璃容器","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","BK4161":"工业机械","RBC":"RBC轴承","FSS":"联邦信号","BK4585":"ETF&股票定投概念","IE00BLDYK493.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","BK4149":"建筑机械与重型卡车","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","AAQC":"Accelerate Acquisition Corp","BERY":"Berry Plastics Group","BK4588":"碎股","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","AMC.AU":"AMCOR PLC-CDI","BK4136":"纸材料包装","AMCR":"AMCOR PLC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD"},"translate_title":"Amcor将通过Berry Global合并协议加速增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBC":1,"AMCR":1,"BERY":1,"AAQC":1,"FSS":0.9,"AMC.AU":0.9},"content_text":"Amcor plc AMCR announced that it entered a definitive merger agreement with Berry Global Group, Inc. BERY. This deal boosts AMCR’s growth strategy by focusing the company's portfolio on faster growing, better margin categories.\nBenefits of Amcor-Berry Global Deal\nThe deal will bring together two highly complementary businesses, combining Amcor's global flexibles and regional containers businesses with Berry Global's  regional flexibles, and global containers and closures businesses. It will create a global leader in consumer packaging solutions with remarkable innovation capabilities and scale.Customers will get a broader flexible film and converted film offering, as well as more sustainable solutions that promote circularity and reduce carbon footprint. The merged company will have a scaled containers and closures business, and a unique global healthcare portfolio. Amcor will have a strengthened position in high-growth, high-value categories, including Healthcare, Protein, Pet Food, Liquids, Beauty &  Personal Care, and Food Service. Amcor currently estimates $650 million in benefits from identified costs, growth and financial synergies by the end of the third year of closing. The companies expect additional $280 million of one-time cash benefits from working capital efficiencies, which will offset around $280 million of expected pre-tax costs to achieve synergies. AMCR anticipates net leverage of 3.3X at the closure of the transaction, with a path to de-leverage below 3.0X during the first full year.\nFinancial Details of AMCR’s Merger Deal With Berry Global\nBerry Global’s shareholders will receive 7.25 Amcor shares for each BERY share held upon closing. AMCR will hold approximately 63% of the combined company, whereas Berry Global will own 37%. The companies will have combined revenues of $24 billion and adjusted EBITDA of $4.3 billion. The combined entity will service customers in more than 140 countries through around 400 production facilities.The transaction is expected to close in the middle of calendar year  2025, subject to closing approvals.\nAmcor’s Share Price Performance\nIn the past year, AMCR shares have gained 11.1% compared with the industry’s 25.3% growth.\nImage Source: Zacks Investment Research\n \nAMCR’s Zacks Rank & Stocks to Consider\nThe company currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Industrial Products sector are Federal Signal Corporation FSS and RBC Bearings Incorporated RBC. Both these companies have a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Federal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’s 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 30.4% in a year.The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing four-quarter average earnings surprise of 2.5%. RBC shares have gained 33.8% in a year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nBerry Global Group, Inc. (BERY) : Free Stock Analysis Report\nFederal Signal Corporation (FSS) : Free Stock Analysis Report\nAmcor PLC (AMCR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485476691"}