Recyclables company Ardagh Metal Packaging and Gores Holdings V today announced they have completed their business combination.
Ardagh Metal Packaging begins trading tomorrow on the NYSE under AMBP. The deal was approved yesterday at a stockholders meeting.
Luxembourg-based Ardagh Group will retain an approximately 80% stake in the new company and receive up to $3.4 billion in cash in the transactions.
The combined company is expected to have an enterprise value of approximately $8.5 billion. Read more.
