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Berry Global And Glatfelter Plan For Tax-Free Spin-Off And Merger Of Berry's Health, Hygiene And Specialties Global Nonwovens And Films Business With Glatfelter

Author: Benzinga Newsdesk | February 07, 2024 08:13am

Transaction values the combined company at $3.6 billion on an enterprise value basis, with pro forma revenue of ~$3.6 billion and Adj. EBITDA (1) of ~$455 million. Berry and Glatfelter shareholders to own 90% and 10% of the combined company, respectively. Berry to receive an approximate net $1 billion cash distribution at closing

Posted In: BERY GLT


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