Berry and glatfelter announce information for anticipated completion of spin-off and subsequent merger of berry's health, hygiene and specialties global nonwovens and films business with glatfelter

Evansville, ind. and charlotte, n.c., oct. 22, 2024 (globe newswire) -- berry global group, inc. (nyse: bery) (“berry”) and glatfelter corporation (nyse: glt) (“glatfelter”) announced today that berry has set a record date of the close of business on november 1, 2024 for the proposed spin-off of its health, hygiene and specialties global nonwovens and films business (“hhnf business”). the spin-off and merger of berry's hhnf business with glatfelter are expected to be completed on november 4, 2024, subject to the satisfaction or waiver of the closing conditions for the transaction. as previously announced, in connection with the merger, glatfelter will effect a reverse stock split and change its name to magnera corporation (“magnera”).
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