The law firm of Wohl & Fruchter LLP is currently looking into the fairness of the proposed merger between Berry Global Group, Inc. (NYSE: BERY) and Amcor plc. This merger is an all-stock transaction that values Berry at around $73.59 per share. However, this price is lower than the price targets set by at least eight Wall Street analysts. Shareholders who have concerns about the fairness of this deal can contact the law firm for a discussion about their legal rights at no cost.
On November 19, 2024, Berry announced its decision to merge with Amcor in an all-stock transaction. Each Berry shareholder will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share they hold at closing. This exchange values Berry at approximately $73.59 per share, and after the merger, Berry shareholders will own only 37% of the newly combined company. The implied deal price of $73.59 per Berry share is below the price targets set by various Wall Street analysts, raising concerns about the fairness of the merger.
The investigation by Wohl & Fruchter LLP aims to determine whether the Berry Board of Directors acted in the best interests of Berry shareholders when approving this merger. They are looking into whether the exchange ratio is fair to Berry shareholders and if all material information regarding the transaction has been fully disclosed. Joshua Fruchter, a founding partner of Wohl & Fruchter, highlighted the importance of ensuring that the interests of Berry shareholders are protected throughout this merger process.
Wohl & Fruchter LLP is a law firm with a track record of representing investors in cases of fraud and corporate misconduct. They have successfully recovered significant amounts of damages for investors over the years. Shareholders who are concerned about the fairness of the merger between Berry Global Group and Amcor plc are encouraged to reach out to the law firm for more information about their rights and potential legal options.
For more information about Wohl & Fruchter LLP and the ongoing investigation into the merger between Berry Global Group and Amcor plc, interested individuals can visit the firm’s website or contact one of the partners directly. Joshua E. Fruchter can be reached toll-free at 866.833.6245 or via email at alerts@wohlfruchter.com. Additional updates and details about the investigation can also be found on the firm’s website.
