Amcor plc and Berry Global Group have finalized a merger agreement, resulting in a strategic combination of the two companies. Under the terms of the agreement, shareholders of Berry will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share they own at the time of closure. Once completed, shareholders of Amcor and Berry will own approximately 63% and 37% of the newly formed company, respectively, which will continue under the name Amcor plc. Amcor will retain its primary stock listing on the New York Stock Exchange (NYSE) and a secondary listing on the Australian Securities Exchange (ASX).
In the leadership structure of the unified company, Peter Konieczny will assume the role of Chief Executive Officer, with Graeme Liebelt appointed as Chairman and Stephen Sterrett as Deputy Chairman.
