Berry Global and Glatfelter Announce Date of the Glatfelter Shareholder Meeting in Connection with the Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
Berry Global Group, Inc. (
NYSE:BERY) and Glatfelter Corporation (
NYSE:GLT) announced today the date of the special meeting of the Glatfelter shareholders to seek approval of, among other matters, the issuance of additional shares of Glatfelter common stock as well an amendment to the Glatfelter charter to increase the number of authorized shares of Glatfelter common stock and to effect a reverse stock split of the common shares of Glatfelter. Approval of these matters by the Glatfelter shareholders will be a significant milestone in the proposed merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust transaction. As previously disclosed, upon closing of the transaction, the combined company will be renamed Magnera Corporation.
Berry and Glatfelter Announce New Brand Name and Identity in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business and Glatfelter
Berry Global Group, Inc. (
NYSE: BERY) and Glatfelter Corporation (
NYSE: GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films (“HHNF”) business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh’), a global leader in the specialty materials industry.
Berry and Glatfelter Announce Additional Regulatory Milestone in Proposed Transaction for Spin-Off and Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
Berry Global Group, Inc. (
NYSE: BERY) and Glatfelter Corporation (
NYSE: GLT) announced today the achievement of an additional regulatory milestone in the proposed transaction involving the combination of a majority of Berry’s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business (“HHNF”) with Glatfelter. In addition to the previously announced expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act, the parties have now received all other approvals and clearances under competition and foreign direct investment laws which were conditions to the consummation of the transaction.
Glatfelter Corp. (NYSE: GLT) Near the Top of Equities by Percentage Gain on 2/7Glatfelter Corporation (
NYSE: GLT) is one of today’s top gainers. The company’s shares have moved 59.38% on the day to $2.04.
Berry and Glatfelter Announce Regulatory Milestone in Proposed Transaction for Spin-Off and Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter
Berry Global Group, Inc. (
NYSE: BERY) and Glatfelter Corporation (
NYSE: GLT) announced today the achievement of a regulatory milestone in the proposed transaction involving the combination of a majority of Berry’s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business (“HHNF”) with Glatfelter, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act.
GLT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Glatfelter Corporation Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Glatfelter Corporation (
NYSE: GLT) and Berry Global Group, Inc.’s Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business is fair to Glatfelter shareholders. Upon completion of the proposed transaction, Glatfelter shareholders will own 10% of the combined company.
Berry Global and Glatfelter Announce Plans for Tax-Free Spin-Off and Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter, Creating a Global Specialty Materials Leader
Berry Global Group, Inc. (
NYSE:BERY) and Glatfelter Corporation (
NYSE:GLT) announced today they have entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business (“HHNF”) with Glatfelter, to create a leading, publicly-traded company in the specialty materials industry. The Boards of Directors of Berry and Glatfelter have unanimously approved the transaction.
