MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Berry (NYSE: BERY) for possible breaches of fiduciary duty and other violations of law in its transaction with Amcor.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, the stockholders of Berry will receive only 7.25 Amcor shares for each Berry share held, placing a value on Berry’s common stock at $73.59 per share.
The transaction agreement unreasonably limits competing transactions for Berry by imposing a significant penalty if Berry accepts a competing bid. Berry insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Berry’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
