Berry Global And Glatfelter Reach Key Regulatory Step In Spin-Off And Merger Deal Involving Berry's Nonwovens And Films Business
Berry Global And Glatfelter Reach Key Regulatory Step In Spin-Off And Merger Deal Involving Berry's Nonwovens And Films Business
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.
As previously announced on February 7, 2024, Berry and Glatfelter entered into a definitive agreement under which Berry will spin-off and merge its HHNF business with Glatfelter in a Reverse Morris Trust transaction. The transaction will create a leading, publicly-traded company in the specialty materials industry.
The transaction is expected to close in the second half of calendar 2024 and is subject to approval by Glatfelter shareholders and completion of customary closing conditions.
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.
As previously announced on February 7, 2024, Berry and Glatfelter entered into a definitive agreement under which Berry will spin-off and merge its HHNF business with Glatfelter in a Reverse Morris Trust transaction. The transaction will create a leading, publicly-traded company in the specialty materials industry.
貝瑞環球集團有限公司（紐約證券交易所代碼：BERY）和格拉特菲爾特公司（紐約證券交易所代碼：GLT）今天宣佈，擬議交易中實現了監管里程碑，該交易涉及貝瑞健康、衛生和特種板塊的大部分股權合併，將其全球非織造布和薄膜業務（“HHNF”）與Glatfelter合併，哈特-斯科特-羅迪諾（HSR）規定的等待期將到期）《反壟斷改進法》。
正如先前在2024年2月7日宣佈的那樣，貝瑞和格拉特費爾特簽訂了一項最終協議，根據該協議，貝瑞將通過反向莫里斯信託交易將其HHNF業務分拆並與格拉特費爾特合併。該交易將創建特種材料行業領先的上市公司。
The transaction is expected to close in the second half of calendar 2024 and is subject to approval by Glatfelter shareholders and completion of customary closing conditions.
該交易預計將於2024年下半年完成，尚待Glatfelter股東的批准和慣例成交條件的完成。
譯文內容由第三人軟體翻譯。
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