Berry Global Group (BERY) Issues Statement on Canyon Capital Letter
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Berry Global Statement on Canyon Capital Letter
February 24, 2020 5:15 PM ESTEVANSVILLE, Ind.--(BUSINESS WIRE)-- Berry Global Group, Inc. (NYSE: BERY) today provided the following statement in response to a letter published by Canyon Capital Advisors LLC on February 23, 2020.
Berry Global regularly engages with shareholders, including Canyon Capital, and values their constructive input. We remain focused on three key strategic initiatives generate sustainable profitable organic growth, integrate the RPC Group Plc business with an intense focus on cost synergy realization, and continue to de-lever and further enhance our balance sheet. Our Board and management team regularly review our operational portfolio and... More
Canyon Partners Sends Letter to Berry Global's Board of Directors
February 23, 2020 6:00 PM ESTLOS ANGELES, Feb. 23, 2020 /PRNewswire/ -- Canyon Capital Advisors LLC, the investment advisor to funds and accounts (together with Canyon Capital Advisors LLC, "Canyon") that beneficially own, in the aggregate, over 9 million shares, or almost 7.0% of the outstanding common stock of Berry Global, Inc. ("Berry" or the "Company") (NYSE: BERY), today sent a letter to Berry's Board of Directors and senior management team asking the Company to immediately take the following steps: (1) publicly announce that it has hired an investment bank or other financial advisor to develop a clear plan of action toward... More
