Fly News Breaks for April 9, 2015
BERY
Apr 9, 2015 | 09:05 EDT
Goldman recommends buying Conviction Buy rated Berry Plastics ahead of the March quarter report. The firm expects Berry to materially raise up FY15 free cash flow guidance to $370M-$400M from $320M and update cost savings from refinancing $800M 2021 notes. Additionally, Goldman expects new flow on Versalite technology and improved EBITDA from cost savings initiatives. Price target is $39.
News For BERY From the Last 2 Days
BERY
Apr 17, 2024 | 07:18 EDT
Berry Global (BERY) and Glatfelter (GLT) announced 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, or HHNF, with Glatfelter, with the expiration of the required waiting period under the Hart-Scott-Rodino, or HSR, Antitrust Improvements Act. As previously announced on February 7, 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.