Amcor, Berry to Provide Supplement Disclosures Amid Shareholder Concerns Over Proposed Merger
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Amcor and Berry Global will provide supplemental disclosures regarding their proposed merger following shareholder lawsuits alleging omitted material information. This decision aims to address the claims and prevent further legal expenses and delays. Despite denying the necessity for additional disclosures, the firms are taking this step to mitigate concerns. The merger is set for November 2024, but Amcor's shares dropped nearly 1% in early trading on Monday.
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