Berry Plastics planning IPO, may be worth about $2 billion
from Plastics Today
Plastics packaging processor Berry Plastics plans to raise $500 million in an IPO with a market value of about $2 billion, according to reports. In a document filed with the U.S. Securities and Exchange Commission, the company, backed by Apollo Global Management LLC, said it will offer 29.4 million shares of common stock at a price range of $16 and $18. Berry Plastics reported $4.8 billion in net sales during the last 12 months.
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