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On February 7, the company announced the spin-off and merger of its Health, Hygiene and Specialties segment with Glatfelter.
The value for Berry Group’s shareholders is $1.9 billion at Glatfelter's current share price which is close to the $2 billion price tag estimated by analysts back in September.
Some of the 13% drop in Berry Group’s valuation on February 7 and 8 can be attributed to the weak Q1 FY24 financial results but the stock looks oversold here.
In my view, the valuation of the company is likely to improve to around 8.5x EV/EBITDA over the coming months.