The market hasn’t yet recognized the value that will be created by Amcor’s (AMCR) agreement to buy Berry Global (BERY), representatives of investor Ancora are quoted as having said at the Bloomberg Activism Forum 2024. Amcor’s share price could eventually rise to about $16 thanks to the deal, representing 50% to 70% upside from its current price, Ancora is quoted by Bloomberg as having argued at the event.
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Read More on AMCR:
- Amcor management to meet with Truist
- Booking initiated, Workday downgraded: Wall Street’s top analyst calls
- Amcor upgraded to Outperform at Macquarie after Berry takeover deal
- Amcor upgraded to Outperform from Neutral at Macquarie
- Berry Global resumed with a Neutral at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
