Ancora Releases Amcor Nvestment Thesis Presented At The Annual Bloomberg Activism Forum; Says "Combination Of Amcor And Berry Global Creates A Compelling Investment Opportunity, With 50%-70% In Potential Upside As Synergies Are Realized And Valuation...
Ancora Releases Amcor Nvestment Thesis Presented At The Annual Bloomberg Activism Forum; Says "Combination Of Amcor And Berry Global Creates A Compelling Investment Opportunity, With 50%-70% In Potential Upside As Synergies Are Realized And Valuation...
Ancora Releases Amcor Nvestment Thesis Presented At The Annual Bloomberg Activism Forum; Says "Combination Of Amcor And Berry Global Creates A Compelling Investment Opportunity, With 50%-70% In Potential Upside As Synergies Are Realized And Valuation Re-Rates"
Ancora发布了在年度彭博社激进主义论坛上提出的Amcor投资论点；称“Amcor与Berry Global的结合创造了一个令人信服的投资机会，随着协同效应的实现和估值的重新评估，潜在的上涨幅度为50%-70%。”
Combination of Amcor and Berry Global Creates a Compelling Investment Opportunity, With 50%-70% in Potential Upside as Synergies are Realized and Valuation Re-Rates
Amcor与Berry Global的结合创造了一个令人信服的投资机会，随着协同效应的实现和估值的重新评估，潜在的上涨幅度为50%-70%。
Ancora Holdings Group LLC (collectively with its affiliates, "Ancora") today released its positive investment thesis on Amcor plc (NYSE:AMCR, ASX: AMC))) ("Amcor") that was presented at the Bloomberg Activism Forum by James Chadwick, President of Ancora Alternatives LLC. This follows Amcor's recently announced merger with Berry Global Group, Inc. (NYSE:BERY) ("Berry"), which the companies expect to close in the middle of next year.1 The presentation can be accessed here.
Ancora Holdings Group LLC（连同其附属公司，"Ancora"）今天发布了对Amcor plc（纽交所：AMCR，澳交所：AMC）的正面投资论点，该论点由Ancora Alternatives LLC总裁James Chadwick在彭博社激进主义论坛上提出。这一论点跟随Amcor最近宣布的与Berry Global Group, Inc.（纽交所：BERY）（"Berry"）的合并，该公司预计将在明年中旬完成。该演示文稿可在这里访问。
Key points from the presentation:2
演示文稿中的关键要点：
- The combined entity stands to be a premium packaging company with a durable free cash flow profile and a conservatively estimated $650 million in synergies, at what we believe is a significantly discounted valuation.
- The combination creates a compelling investment opportunity with 50% to 70% upside, underpinned by Ancora's strong conviction that the announced synergies are conservative.
- On a proforma basis, Ancora estimates the combined entity's EBITDA could be $4.5 billion and its shares could rise from ~$10 today to ~$16 in the coming years.
- 合并后的实体将成为一家高端包装公司，具有持久的自由现金流特征，估计协同效应为65000万美元，而我们相信这一估值显著低估。
- 这一组合创造了一个令人信服的投资机会，潜在上涨幅度为50%到70%，基于Ancora坚定的信念，即宣布的协同效应是保守的。
- 在临时基础上，Ancora预计合并后的实体的EBITDA可能达到45亿，其股价可能从今天约10美元上涨到未来几年约16美元。
