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Amcor logoAmcor AMCR

Amcor said it entered into an Agreement and Plan of Merger with Berry Global Group, Inc. on November 19, 2024. Under the terms, Merger Sub (Aurora Spirit, Inc.) will merge with Berry, and Berry will survive as a wholly owned subsidiary of Amcor.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Amcor said it entered into an Agreement and Plan of Merger with Berry Global Group, Inc. on November 19, 2024. Under the terms, Merger Sub (Aurora Spirit, Inc.) will merge with Berry, and Berry will survive as a wholly owned subsidiary of Amcor.

  2. The company said Berry spun off its Health, Hygiene & Specialties Global Nonwovens and Films business (HHNF Business) and combined it with Glatfelter Corporation to form Magnera Corporation, effective on November 4, 2024. Berry determined under U.S. GAAP that the HHNF Business should be reported as discontinued operations.

  3. The company said it is filing this 8-K to meet its reporting obligations after the merger closing, and that it is providing Berry's recast audited consolidated financial statements, which present the HHNF Business as discontinued operations.

  4. The company said Exhibit 99.1 includes Berry's recast audited consolidated balance sheets as of September 28, 2024 and September 30, 2023, and its consolidated statements of operations and comprehensive income, cash flows, and changes in equity for the 2 years ended September 28, 2024.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Amcor Berry Merger Agreement and Structure

Amcor said it entered into an Agreement and Plan of Merger with Berry Global Group, Inc. on November 19, 2024. Under the terms, Merger Sub (Aurora Spirit, Inc.) will merge with Berry, and Berry will survive as a wholly owned subsidiary of Amcor.

Source · Based on the filing body and exhibits

Berry's HHNF Business Spin-Off and Formation of Magnera

The company said Berry spun off its Health, Hygiene & Specialties Global Nonwovens and Films business (HHNF Business) and combined it with Glatfelter Corporation to form Magnera Corporation, effective on November 4, 2024. Berry determined under U.S. GAAP that the HHNF Business should be reported as discontinued operations.

Source · Based on the filing body and exhibits

Purpose of Filing Recast Financial Statements

The company said it is filing this 8-K to meet its reporting obligations after the merger closing, and that it is providing Berry's recast audited consolidated financial statements, which present the HHNF Business as discontinued operations.

Source · Based on the filing body and exhibits

Financial Statements Included in Exhibit 99.1

The company said Exhibit 99.1 includes Berry's recast audited consolidated balance sheets as of September 28, 2024 and September 30, 2023, and its consolidated statements of operations and comprehensive income, cash flows, and changes in equity for the 2 years ended September 28, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.