Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the worldâs leading brands, and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today announced that they have entered into a definitive business ⦠Ardagh Group S.A. (NYSE: ARD) today announced its results for the first quarter ended March 31, 2021. Gores Holdings V completed its initial public offering in August 2020, raising approximately $525 million in cash proceeds. Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the worldâs leading brands, and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today announced that they have entered into a ⦠Approximately $525M in cash held in Gores Holdings V's trust account, together with the $600M in private placement proceeds and ~$2.3B of the new debt ⦠Gores Holdings V Inc. was incorporated in 2020 and is based in Beverly Hills, California. The agreement will see Gores Holdings V â a special purpose acquisition company â merge with Ardaghâs metal packaging division to form the newly created Ardagh Metal Packaging (AMP), which will apply for a listing on the New York Stock Exchange. About Gores Holdings V, Inc. Gores Holdings V is a special purpose acquisition company sponsored by an affiliate of The Gores Group for the purpose of effecting a merger, acquisition, or similar business combination. On completion of the transaction with Gores Holdings V Inc., expected in the second quarter of 2021, Ardagh Group will hold a stake of ~80% in AMP and will receive up to $3.4 billion in cash. Ardagh Group S.A. and Gores Holdings V entered into a definitive business agreement under which Gores Holdings V will combine with Ardaghâs metal packaging business that will be held by Ardagh Metal Packaging S.A. to create an independent public company. Mixed Firm Anticipated to Have Publish-Transaction Enterprise Worth of Roughly $8.5 BillionEnterprise Mixture Consists of as much as $525 Million Ardagh manufactures packaging for the food, drinks, pharmaceutical and personal care markets. Gores is acquiring Ardagh Metal Packaging at 15 times the 2020 EBITDA multiple which sounds outrageous. Ardagh Group SA said on Tuesday it will spin off its metal packaging business through a merger with a listed blank-check firm backed by billionaire Alec Gores, in a deal that values the new company at $8.5 billion. Combined Company Expected to Have Post-Transaction Enterprise Value of Approximately $8.5 Billion Business Combination Includes up to $525 Million in Cash from Gores Holdings V ( GRSV. Gores said it will apply to list AMP's shares on the New York Stock Exchange under the ⦠Watch: CNBC Interview. The combined company will be named Ardagh Metal Packaging (AMP) with Ardagh Group retaining an 80% stake. Ardagh Metal Packaging, a global leader in the supply of sustainable and infinitely-recyclable beverage cans, announces proposed business combination with Gores Holdings V. Gores Holdings. (Bloomberg) -- Ardagh Group SA, the global packaging group, is considering listing its beverage can business via a deal with blank-check company Gores Holdings V Inc., people familiar with the matter said. Ardagh Group S.A. â a global supplier of metal and glass beverage packaging â will retain an 80% stake in AMP and will receive up to $3.4bn in cash. Since joining Gores in 2010, Ms. Chou has been responsible for raising capital across Goresâ funds. On completion of the transaction with Gores Holdings V Inc., expected in the second quarter of 2021, Ardagh Group will hold a stake of ~80% in AMP and will receive up to $3.4 billion in cash. Gores Holdings V, is expected to close in the second quarter of 2021, subject to receipt of Gores Holdings V stockholder approval, approval of AMPâs shares for listing on the NYSE, the satisfaction of the condition to Ardaghâs obligations that Credit: Daniel Novtax. Gores Holdings V is a special purpose acquisition company sponsored by an affiliate of The Gores Group for the purpose of effecting a merger, acquisition, or similar business combination. Gores Holdings V completed its initial public offering in August 2020, raising approximately $525 million in cash proceeds. February 25, 2021 â Gores Holdings VII, Inc. Completes $550 Million Initial Public Offering; February 23, 2021 â CNBC Squawk Box Interview: Gores Chairman and CEO, Alec Gores, and Ardagh Group Chairman and CEO, Paul Coulson, Discuss SPAC Deal; February 23, 2021 â Ardagh Metal Packaging to Combine With Gores Holdings V and List on NYSE Prior to Sterling, she worked in capital markets at Lehman Brothers in New York. Ardagh Group SA, the global packaging group, is considering listing its beverage can business via a deal with blank-check company Gores Holdings V ⦠(333- ) Subject Companies: Ardagh Metal Packaging S.A. Gores Holdings V, Inc. (Commission File No. Shearman & Sterling and Elvinger Hoss Prussen advised Ardagh Group S.A. on the deal.Ardagh Group S.A. executed the combination of its metal packaging business with Gores Holdings V, Inc., a special purpose acquisition company affiliated with The Gores Group. About Gores Holdings V, Inc. Gores Holdings V is a special purpose acquisition company sponsored by an affiliate of The Gores Group for the purpose of effecting a ⦠âTransactionâ) between Ardagh Group S.A. (âAGSAâ) and Gores Holdings V, Inc. (âGoresâ) involving the beverage can business of AGSA (âAMPâ or âArdagh Metal Packagingâ). Gores Holdings V Inc. does not have significant operations. Now reading : Ardagh Metal Packaging combines with Gores Holdings V Elvinger Hoss Prussen is providing legal advice to Ardagh Group S.A. in connection with the combination of its metal packaging business with Gores Holdings V, Inc., a special purpose acquisition company affiliated with The Gores ⦠The offering follows Ardaghâs announcement on February 23, 2021 of the proposed combination of its metal packaging business with Gores Holdings V Inc, (NASDAQ:GRSV, GRSVU and GRSVW), under which Gores Holdings V will combine, subject to a shareholder vote, with Ardaghâs beverage can business, that will be held by AMP. Gores said it will apply to list AMP's shares on the New York Stock Exchange under the ticker ⦠It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Gores Holdings V completed its initial public offering in August 2020, raising approximately $525 million in cash proceeds. About Gores Holdings V, Inc. Gores Holdings V is a special purpose acquisition company sponsored by an affiliate of The Gores Group for the purpose of effecting a merger, acquisition, or similar business combination. Ardagh Group entered into an agreement to merge its metal packaging manufacturing business with Gores Holdings V, thereby creating a new publicly traded company with a company value of $ 8.5 billion. Ardagh Metal Packaging (AMP), a subsidiary of Ardagh Group (ARD), is gearing up to go public through a reverse merger with Gores Holdings V (GRSV). Gores Holdings V Inc. (GRSV) to Combine with Ardagh Metal Packaging in $8.5Bn Deal Feb 23, 2021 INTEL by Nicholas Alan Clayton Gores V (NASDAQ:GRSV) has entered into a definitive agreement to combine with the metal packaging division of recyclable materials producer Ardagh Group at an enterprise value of $8.5 billion, or 12.1x its 2021E EBITDA. Ardagh Metal Packaging to Combine With Gores Holdings V and List on NYSE. Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the world's leading brands, and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today announced that they have entered into a ⦠Unit details: Each unit has an offering price of $10.00 and consists of one share of our Class A ⦠U.S. Ardagh Metal Packaging to Combine with Gores Holdings V Shearman & Sterling is advising Ardagh Group S.A. in connection with the combination of its metal packaging business with Gores Holdings V, Inc., a special purpose acquisition company affiliated with The Gores Group. Filed by Ardagh Metal Packaging S.A. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to 14a-12 under the Securities Exchange Act of 1934 Form F-4 File No. Business Combination Includes up to $525 Million in Cash from Gores Holdings V and $600 Million Private Placement Led by Top-Tier Investors Ardagh ⦠spacHero.com - Gores Holdings V Inc. (GRSV) Status: Found Target. Ardagh Group has entered into an agreement to combine its metal packaging business with Gores Holdings V, creating a new public listed company with ⦠LUXEMBOURG AND LOS ANGELES, Feb. 23, 2021 Ardagh Group S.A. (ARD), a global supplier of infinitely-recyclable metal bever... Ardagh Metal Packaging To Combine With Gores Holdings V And List On NYSE The deal will enable the new entity, Ardagh Metal Packaging, to become a public listed company and list its shares on the New York Stock Exchange (NYSE) under the ⦠Stock analysis for Gores Holdings V Inc (GRSVU:NASDAQ CM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Ardagh Metal Packaging to Combine With Gores Holdings V and List on NYSE. The combined company will be named Ardagh Metal Packaging (AMP) with Ardagh Group retaining an 80% stake. Confidentiality The information The distribution of this Presentation by an authorized recipient to any other person is unauthorized. The offering follows Ardaghâs announcement on February 23, 2021 of the proposed combination of its metal packaging business with Gores Holdings V Inc, under which Gores Holdings V will combine, subject to a shareholder vote, with Ardaghâs beverage can ⦠001-39429) The following is a transcript of an investor call held by Ardagh Metal Packaging S.A. and Gores Holding Get the latest Gores Holdings V Units (GRSVU) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. (Feb 13): Ardagh Group SA, the global packaging group, is considering listing its beverage can business via a deal with blank-check company Gores Holdings V Inc., people familiar with the matter said. Click here to read the full press release; AGSA will host an investor call at 1000 ET / 1500 GMT on Tuesday, February 23. Ardagh ⦠Ardagh Group (NYSE:ARD) announced that Gores Holdings V (NASDAQ:GRSVU) will combine with Ardagh's metal packaging business that will be held by Ardagh Metal Packaging S.A. and list its shares on NYSE under the new ticker symbol "AMBP". Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the world's leading brands, and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today announced that they have entered into a definitive business ⦠Prior to joining Gores, Ms. Chou was a Director at Sterling Partners, a private equity firm based in Chicago. This Business Combination Agreement (this âAgreementâ) is made and entered into as of February 22, 2021, by and among Gores Holdings V, Inc., a Delaware corporation (âGHVâ), Ardagh Metal Packaging S.A., a public limited liability company (société anonyme) organized under the laws of the Grand Duchy of Luxembourg with its registered office at 56, Rue Charles Martel, L-2134 ⦠Business Wire â 6:00 AM ET 02/23/2021. Combination of Ardagh Metal Packaging with Gores Holdings V. On February 22, 2021, Ardagh entered into a business combination agreement with Gores Holdings V, a special purpose acquisition company sponsored by an affiliate of The Gores Group for the purpose of effecting a merger, acquisition, or similar business combination. Gores Holdings V completed its initial public offering in August 2020, raising approximately $525 million in cash proceeds. Alec Gores, Chairman and CEO of The Gores Group and Chairman of Gores Holdings V, said, "Ardagh Metal Packaging has solidified its position as a ⦠On February 22, 2021, the Group entered into a business combination agreement with Gores Holdings V Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group ('Gores Holdings V') for the purpose of effecting a merger, acquisition, or similar business combination, under which Gores Holdings V will combine with Ardagh's metal packaging business that will be held ⦠LUXEMBOURG AND LOS ANGELES, Feb. 23, 2021 /PRNewswire/ -- Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the world's leading brands, and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today ⦠Assuming no share redemptions by the public stockholders of Gores Holdings V, approximately $525 million in cash held in Gores Holdings V's trust account, together with the $600 million in private placement proceeds and approximately $2.3 billion of the new debt raised by AMP, will be used to pay up to $3.4 billion in cash to Ardagh, as well as to pay transaction expenses. Ardagh Group and Gores Holdings V, a special purpose acquisition company sponsored by an affiliate of The Gores Group, has announced that they have entered into a definitive business combination agreement under which Gores Holdings V will combine with Ardaghâs metal packaging business that will be held by Ardagh Metal Packaging to create an independent public company. Ardagh Group has entered into an agreement to merge its metal packaging business with Gores Holdings V, creating a public listed company. Weil, Gotshal & Manges, LLP and Loyens & Loeff N.V. are acting as legal advisors to Gores Holdings V. Citigroup is acting as exclusive financial advisor to Ardagh and is acting as joint lead placement agent on the PIPE. Representatives for Ardagh and Gores Holdings V declined to comment. Gores Holdings V is a special purpose acquisition company sponsored by an affiliate of The Gores Group, a global investment firm. Ardagh manufactures packaging for the food, drinks, pharmaceutical and personal care markets. On completion of the transaction with Gores Holdings V Inc., expected in the second quarter of 2021, Ardagh Group will hold a stake of ~80% in AMP and will receive up to $3.4 billion in cash. Watch CNBC's Squawk Box interview with Gores Senior Managing Director, Mark Stone, and Matterport CEO, RJ Pittman. Ardagh Considers Listing Cans Unit Via Alec Gores SPAC. Ardagh Metal Packaging to Combine with Gores Holdings V. Shearman & Sterling is advising Ardagh Group S.A. in connection with the combination of its metal packaging business with Gores Holdings V, Inc., a special purpose acquisition company affiliated with The Gores Group. U.S.-listed Ardagh has held talks to merge the unit with the special purpose acquisition company backed by billionaire financier Alec Gores, the people said, asking not to be identified ⦠On February 23, Ardagh Group S.A. (âAGSAâ) announced the proposed merger of its beverage can business (âAMPâ) with Gores Holdings V Inc. and intention to list AMP on NYSE. (Bloomberg) -- Ardagh Group SA, the global packaging group, is considering listing its beverage can business via a deal with blank-check company Gores Holdings V Inc., people familiar with the matter said. (Reuters) - Ardagh Group SA said on Tuesday it will spin off its metal packaging business through a merger with a listed blank-check firm backed by ⦠SPAC player Gores Holdings V Inc. (NASDAQ:GRSVU) announced 23 February that it has entered into a business combination with Ardagh Group SAâs (NYSE:ARD) metal packaging business.. The new company, formed by the merger of Ardagh Group SAâs metal-packaging business with special-purpose acquisition company Gores Holdings V Inc., will list in New York.
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