AEP shareholders to vote on $765M acquisition by Berry Plastics
January 12, 2017
Industrial Supplies and Parts | Montvale, NJ | Corporate Acquisition
AEP Industries (NASDAQ: AEPI) has announced that the company's shareholders will vote on January 18 whether to approve the company's previously announced acquisition by Berry Plastics (NYSE: BERY). Under the agreement, Berry will acquire all of the outstanding shares of AEP in a cash and stock transaction worth $765 million, or roughly $110 per share of Berry's stock. Both companies design and manufacture a range of plastic packaging products. The deal will close on or about January 20 if it receives approval.