Berry Global gains after adding board members, agreement with activist investors [Seeking Alpha]
Berry Global Group, Inc. (BERY)
Last berry global group, inc. earnings: 5/1 07:30 am
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Source: Seeking Alpha
Berry Global gains after adding board members, agreement with activist investorsNov. 23, 2022 10:07 AM ETBerry Global Group, Inc. (BERY)By:Joshua FinemanSA News EditorPhuchit/iStock via Getty ImagesBerry Global (NYSE:rose 1.7%Capital and announced the formation of a capital allocation committee, according to astatement.The company also expanded its board to 12 members.Berry will appoint Meredith Harper as an independent director following the 2023 annual meeting and will appoint Chaney Sheffield and Peter Thomas under tis pacts with the activist investors.The investor agreement and board additions come after Ancora last November disclosed that it was pushing for the companyto explore alternatives,Canyon Capitalâ??We appreciate the productive private engagement we have had with the board and management regarding the Boardâ??s refreshment efforts," Ancora CEO Fredrick DiSanto said in the statement. "We believe Berry is positioned for a strong future and can drive enhanced value for all
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