Amcor and Berry have received unconditional approval from the European Commission for their combination, satisfying the final regulatory clearance required for the transaction. This approval paves the way for the completion of the remaining steps towards closing, which is expected to occur on April 30, 2025, subject to the satisfaction or waiver of certain other closing conditions.
Following this development, Amcor is set to announce its financial results for the fiscal 2025 third quarter ended March 31, 2025, after the U.S. market close on April 30, 2025. A conference call and webcast to discuss Amcor’s results will be held at 5:30 p.m. U.S. Eastern Daylight Time on April 30.
Amcor, a global leader in responsible packaging solutions, reported $13.6 billion in annual sales from operations spanning 212 locations in 40 countries in fiscal year 2024. On the other hand, Berry, a global leader in innovative packaging solutions, has over 34,000 global employees across more than 200 locations and is committed to leveraging its capabilities and sustainability leadership to serve customers worldwide.
The market is eagerly anticipating the upcoming financial announcement and the subsequent closing of the Amcor-Berry combination, as it is expected to have a significant impact on the packaging industry. Following these announcements, the company's shares moved -1.2%, and are now trading at a price of $9.54. For the full picture, make sure to review Amcor's 8-K report.
