Did Amcor’s (AMCR) Berry Global Deal and Sales Surge Just Shift Its Investment Narrative?

At its recent Annual General Meeting, Amcor plc approved an amendment to its Memorandum of Association for a reverse stock split, while also announcing an increased quarterly dividend and reporting first quarter sales of US$5.75 billion, up significantly from the previous year. An interesting development is the company’s reaffirmation of synergy targets and future earnings guidance following the acquisition of Berry Global, underscoring Amcor’s confidence in capturing substantial benefits…Read More