Amcor and Berry announce all-stock combination; Wells Fargo advises Berry

Amcor and Berry Global announced an all-stock combination with Berry shareholders to receive 7.25 Amcor shares per Berry share. Amcor and Berry shareholders were expected to own approximately 63% and 37% of the combined company respectively. Wells Fargo and Lazard advised Berry. The original joint announcement’s exchange terms are preserved independently of later acquisition-accounting consideration.