Amcor Buys Consumer Packaging Rival Berry Global in $8.4 Billion All-Stock Deal

Key TakeawaysAmcor is acquiring consumer packaging rival Berry Global in an $8.4 billion all-stock deal.Amcor will pay close to a 10% premium over Berry's Monday closing price.The combined company has an annual revenue of $24 billion. Amcor (AMCR) has reached a deal to acquire rival consumer packaging company Berry Global Group (BERY) in an $8.4 billion all-stock transaction. The merger values Berry’s stock at $73.59 per share, a roughly 10% premium over Monday’s closing price of $67.05. Shares of Berry ros ...