Glatfelter Stockholders Approve Berry Division Merger Deal

MT Newswires Live

2024/10/23

Glatfelter (GLT) said Wednesday its shareholders have approved all matters related to the merger with Berry Global Group's (BERY) health, hygiene, nonwovens, and films business.

The merger is expected to complete on Nov. 4, subject to certain closing conditions.

In connection with the merger, Glatfelter said it will change its name to Magnera and that its board approved a one-for-13 reverse stock split. Glatfelter's shares are to start trading on a split-adjusted basis on Nov. 4.

Glatfelter shares were up 2% in recent trading.

Price: 1.74, Change: +0.04, Percent Change: +2.06

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