Key Developments: Berry Plastics Group Inc (BERY.N)
23.35USD
1 Aug 2013
$0.29 (+1.26%)
$23.06
$23.18
$23.39
$23.00
123,890
179,444
$24.27
$13.14
Latest Key Developments (Source: Significant Developments)
Berry Plastics Group Inc Announces Pricing of Secondary Public Offering
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
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
Berry Plastics Group Inc Comments On Q3 2013 EBITDA Guidance
Berry Plastics Group Inc announced that for third quarter of 2013, it expects double-digit improvement in operating EBITDA versus the prior year. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $222 million for third quarter of 2013. Full Article
Berry Plastics Group Inc Comments On Q2 2013 EBITDA Guidance
Berry Plastics Group Inc announced that for second quarter of 2013, it expects modest improvement in Operating EBITDA versus the prior year assuming that volumes improve in line with GDP forecasts. The Company reported EBITDA of $182 million for first quarter of 2013. According to I/B/E/S estimates, analysts were expecting the Company to report EBITDA of $207 million for second quarter of 2013. Full Article
Berry Plastics Group Inc Prices Initial Public Offering
Berry Plastics Group Inc announced that it has priced an initial public offering of 29,411,764 shares of its common stock at $16.00 per share. The common shares are expected to begin trading on the New York Stock Exchange on October 4, 2012, under the ticker symbol “BERY.” The underwriters have the option to purchase up to an additional 4,411,764 common shares from Berry Plastics, at the same price. The offering is expected to close on or about October 9, 2012 subject to customary closing conditions. BofA Merrill Lynch, Citigroup, Barclays, Deutsche Bank Securities, Credit Suisse, Goldman, Sachs & Co. and Baird are acting as joint book-running managers for the offering. Lazard Capital Markets, Wells Fargo Securities, SunTrust Robinson Humphrey, Lebenthal & Co., LLC and Apollo Global Securities are acting as co-managers for the offering. Full Article

Earnings vs.
Estimates