Amcor Completes All-Stock Combination with Plastic Packaging Product Maker; Shares Down 3%

MT Newswires Live

May 01, 2025

Amcor (ASX:AMC) completed its all-stock combination with Berry Global, the packaging company said in a statement Wednesday.

Following the deal, the company anticipates a 12% adjusted earnings per share accretion in the fiscal year 2026 with the delivery of $260 million of pre-tax synergies, the statement said.

By fiscal year 2028, the total pre-tax synergy benefits are expected to reach $650 million, with an additional $280 million from working capital improvements.

Additionally, the company's annual cash flow is expected to exceed $3 billion by 2028, according to the statement.

Amcor shares were down 3% in morning trade on Thursday.

Price (AUD): $14.19, Change: $-0.41, Percent Change: -2.81%

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