Key Developments: Berry Plastics Group Inc (BERY.N)

BERY.N on New York Stock Exchange

26.00USD
11 Jul 2014
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$0.05 (+0.19%)
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Latest Key Developments (Source: Significant Developments)

Berry Plastics Group Inc announces secondary public offering
Monday, 2 Jun 2014 04:43pm EDT 

Berry Plastics Group Inc:Commencement of secondary public offering of 10,000,000 shares of Company's common stock by certain funds affiliated with Apollo Global Management, LLC.Company itself is not selling any shares and will not receive any proceeds from the proposed offering, and it will not change the number of shares of company's common stock that are outstanding.Goldman, Sachs & Co. is acting as the sole underwriter for the offering.  Full Article

Berry Plastics Group Inc Plastics completes acquisition of Rexam's Healthcare Containers and Closures Business
Monday, 2 Jun 2014 09:52am EDT 

Berry Plastics Group Inc:Completes acquisition of Rexam's Healthcare Containers and Closures (C&C) business.Berry Plastics paid about $135 mln for Healthcare C&C business unit.Company expects the acquisition, which was funded from existing liquidity, to be deleveraging after achieving synergies.  Full Article

Berry Plastics announces proposed offering of second priority senior notes
Monday, 5 May 2014 11:35am EDT 

Berry Plastics Group Inc:Intends to offer for sale in an underwritten public offering $500 mln of second priority senior secured notes due 2022.Intends to use the net proceeds to fund previously announced cash tender offer and related consent solicitation for certain of its outstanding notes.  Full Article

Berry Plastics Group Inc to acquire Rexam's Healthcare Containers and Closures Business
Monday, 24 Mar 2014 08:30am EDT 

Berry Plastics Group Inc:Enters into definitive agreement to acquire U.S., Mexico, and India portions of Rexam's Healthcare Containers and Closures (C&C) business.Berry Plastics has also made binding offer to purchase French portion of Rexam's C&C business, which Rexam may accept after completion of required consultation process with the works council in France.Upon completion of both transactions, Berry Plastics would pay about $135 mln for entire Healthcare Containers and Closures business unit, with closing expected to take place in second calendar quarter of 2014.Acquisition will be funded from existing liquidity, to be deleveraging after achieving synergies.  Full Article

Berry Plastics Group Inc announces secondary public offering
Wednesday, 19 Feb 2014 04:38pm EST 

Berry Plastics Group Inc:Commences secondary public offering of 9,000,000 shares of common stock by certain funds affiliated with Apollo Global Management, LLC (collectively, the Selling Stockholders).Itself is not selling any shares and will not receive any proceeds from the proposed offering, and it will not change the number of shares of the company's common stock that are currently outstanding.Underwriter may offer the shares of Company common stock in transactions on the New York Stock Exchange, in the over-the-counter market.Citigroup is acting as the sole underwriter for the offering.  Full Article

Berry Plastics Group Inc announces acquisition of controlling interest of Qingdao P&B Co., Ltd
Wednesday, 22 Jan 2014 04:05pm EST 

Berry Plastics Group Inc:Says that its acquisition of the controlling interest of Qingdao P&B Co., Ltd (P&B) has been approved by the competent approval authority in China.Says pending registration with the local company registry, which is expected to be completed by February 2014, Berry Plastics will own 75 percent of P&B, with a minority ownership position retained by Peter Song original founder of P&B.Says the company will conduct business under the name Qingdao Berry Plastics Limited and provide rigid plastic packaging and personal care products to customers located in China as well as globally.  Full Article

Berry Plastics Group Inc Announces CFO Transition
Monday, 18 Nov 2013 04:30pm EST 

Berry Plastics Group, Inc announced that after 28 years of dedicated service to Berry Plastics, Jim Kratochvil, Chief Financial Officer, has decided to retire effective January 2, 2014. The Company has elected Mark Miles, who currently serves as Executive Vice President, Controller and Treasurer, to replace Kratochvil as Chief Financial Officer.  Full Article

Berry Plastics Group Inc Issues Q4 2013 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Friday, 2 Aug 2013 02:00pm EDT 

Berry Plastics Group Inc announced that for the fourth quarter of 2013, it expects a modest increase in operating EBITDA versus the prior year. The Company reported EBITDA of $215 million in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $222 million for the fourth quarter of 2013.  Full Article

Berry Plastics Group Inc Announces Pricing of Secondary Public Offering
Wednesday, 17 Jul 2013 07:47pm EDT 

Berry Plastics Group Inc announced the pricing of a previously announced secondary public offering of 15,000,000 shares of the Company’s common stock by certain funds affiliated with Apollo Global Management, LLC and certain funds affiliated with Graham Partners, Inc. (collectively, the “Selling Stockholders”) at $21.63 per share. The underwriters will have a 30-day option to purchase up to an additional 2,250,000 shares of common stock from the Selling Stockholders. The Company itself is not selling any shares and will not receive any proceeds from the offering, and it will not change the number of shares of the Company’s common stock that are currently outstanding. The offering is currently expected to close on July 23, 2013, subject to customary closing conditions. Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., Credit Suisse, Baird and Barclays are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey, Wells Fargo Securities and Apollo Global Securities are acting as co-managers for the offering.  Full Article

Berry Plastics Group Inc Announces Proposed Secondary Public Offering
Monday, 15 Jul 2013 04:00pm EDT 

Berry Plastics Group Inc announced the commencement of a proposed secondary public offering of 15,000,000 shares of the Company's common stock by certain funds affiliated with Apollo Global Management, LLC and certain funds affiliated with Graham Partners, Inc. (collectively, the Selling Stockholders). The underwriters will have a 30-day option to purchase up to an additional 2,250,000 shares of common stock from the Selling Stockholders. The Company itself is not selling any shares and will not receive any proceeds from the proposed offering, and it will not change the number of shares of the Company's common stock that are outstanding. Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., Credit Suisse, Baird and Barclays are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey, Wells Fargo Securities and Apollo Global Securities are acting as co-managers for the offering.  Full Article

Beverage can maker Rexam to sell two healthcare units

- Speciality packaging maker Rexam said it would sell the bulk of its healthcare business to Montagu Private Equity for $805 million in cash, seven months after it put the unit on the block to focus solely on making beverage cans.

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