Amcor Completes Merger with Berry Global Group
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Amcor has completed its merger with Berry Global Group, making Berry a wholly-owned subsidiary. This strategic move includes the delisting of Berry’s shares and the issuance of unsecured notes by Amcor. Analysts rate AMCR stock as a Buy with a $10.00 price target, while Spark’s AI Analyst gives it a Neutral rating. The merger is expected to strengthen Amcor’s market position, but challenges such as declining profit margins and increased leverage pose risks. Amcor's current market cap is $18.91B with an average trading volume of 23,768,798.
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