Berry Global Group, Inc. has announced a merger with Zurich, Switzerland-based Amcor, PLC. The all-stock transaction will make Berry a wholly owned subsidiary of Amcor. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares per each Berry share they held at closing, giving Amcor and Berry shareholders ownership of approximately 63 percent and 37 percent, respectively, of the new company. At the time of the merger's announcement, Berry Global's common stock was trading at $73.59 per share. Berry Global also recently completed a merger between the Evansville-based company's Health, Hygiene, and Specialties Global Nonwovens and Films business and Gladfelter Corporation. This results in the creation of Magnera Corporation, the largest nonwovens company in the world with a broad platform of solutions for the specialty materials industry.