09:59 AM EDT, 10/23/2024 (MT Newswires) -- Glatfelter ( GLT ) said Wednesday its shareholders have approved all matters related to the merger with Berry Global Group's ( BERY ) health, hygiene, nonwovens, and films business.

The merger is expected to complete on Nov. 4, subject to certain closing conditions.

In connection with the merger, Glatfelter ( GLT ) said it will change its name to Magnera and that its board approved a one-for-13 reverse stock split. Glatfelter's ( GLT ) shares are to start trading on a split-adjusted basis on Nov. 4.

Glatfelter ( GLT ) shares were up 2% in recent trading.

Price: 1.74, Change: +0.04, Percent Change: +2.06