Berry’s £5 Billion Recommended Superior Cash Offer to Acquire RPC

March 8, 2019

Cleary Gottlieb is representing Goldman Sachs and Wells Fargo as joint lead financial advisors to Berry Global Group Inc. (Berry), which announced on March 8, 2019, a recommended superior cash offer by an affiliate of Berry to acquire RPC Group Plc (RPC).Pursuant to the offer, an affiliate of Berry will acquire the entire issued and to be issued ordinary share capital of RPC for 793 pence per share in cash, representing total consideration of approximately £5 billion, including refinancing of RPC’s net debt.

The offer was made as a topping bid to a previous offer of 782 pence per share in cash made by an affiliate of Apollo Global Management on January 23, 2019.

For more information, please see the press release here.