Berry Global Group, Inc. (NYSE:BERY) signed an agreement to acquire RPC Group Plc (LSE:RPC) for £3.2 billion on March 8, 2019. Under the terms, Berry Global will pay £7.93 per share in cash. The consideration will be funded through third party debt incurred by the direct subsidiary of Berry and on-lent to Berry through intercompany loan arrangements. Such third party debt is to be provided under three interim credit agreements arranged by Goldman Sachs Bank USA and Wells Fargo Securities. The transaction includes the term loan bridge financing of £5.3 billion, first lien bridge financing of £1.6 billion and second lien bridge financing of £978 million. The existing Non-Executive Directors of RPC will resign from office as Directors of RPC with effect from early third quarter. The Combined Group's headquarters will be located at Berry's head office in Evansville, Indiana, USA, while RPC's head office is intended to continue to be based in Northamptonshire, England. RPC will make an application for the cancellation of the listing of RPC shares on the official list and for the cancellation of trading of the RPC shares on the London Stock Exchange's main market for listed securities. The deal is subject to approval of court on or before the 22nd day after the expected date of the Court Sanction Hearing, receipt of antitrust clearances from European Union, United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, the State Administration for Market Regulation, Mexican Competition Authority, Federal Antimonopoly Service of Russia, Competition Commission of South Africa, Turkish Competition Board, all statutory and all statutory and regulatory obligations and in other relevant jurisdictions, approval of the Scheme by the requisite three quarters or more of RPC shareholders and the transaction becoming unconditional and effective by the October 15, 2019. The transaction has been recommended unanimously by the RPC Directors. RPC Board concluded that the terms of the acquisition represent a superior offer for RPC shareholders as compared with the Apollo offer. On March 29, 2019, the waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired. As on April 15, 2019, the transaction was unconditionally approved by the Turkish Competition Board. As of April 18, 2019, the transaction was unconditionally approved by Competition Commission of South Africa. As of April 18, 2019, the transaction is approved by the shareholders of RPC in court meeting and general meeting. As of April 24, 2019, the transaction is approved by European Commission. As of May 7, 2019, the State Administration for Market Regulation of China has granted unconditional approval for the transaction. As of May 20, 2019, Mexican Competition Authority has granted unconditional approval of the acquisition. As of June 6, 2019, the Federal Antimonopoly Service of Russia has granted unconditional clearance to the transaction. As a result of FAS approval, each of the antitrust conditions have been satisfied. The transaction remains subject to sanction by the Court expected to take place on June 28, 2019. As of June 28, 2019, the High Court of Justice in England and Wales has sanctioned the transaction. The transaction is expected to close early in the third quarter of 2019. The transaction is expected to become effective on July 1, 2019. The acquisition is expected to provide significant value creation to Berry shareholders and is expected to be accretive to earnings and free cash flow metrics. Robert Leitão, Charles Montgomerie, David Weinberg and Mohammed Moolla of N M Rothschild & Sons Limited; Cathal Deasy, Joe Hannon and Karl Montfort of Credit Suisse International; Anthony Laubi of Evercore Partners International LLP; Jonathan Wilcox, Christopher Binks, Shaun Anadkat and David Watkins of Jefferies International Limited and Charles Wilkinson and Richard Sheppard of Deutsche Bank AG, London Branch acted as financial advisors to the Board of RPC Global. Mark Sorrell, Colin Convey, Jimmy Bastock and Owain Evans of Goldman Sachs International; Sam Small, Paul Wren, Chris Tucker and Brandon Coffey of Wells Fargo Securities, LLC and James Deal of J.P. Morgan Cazenove acted as financial advisors for Berry Global. Piers Prichard Jones, Alison Smith and Richard Johnson of Freshfields Bruckhaus Deringer LLP and Bryan Cave Leighton Paisner LLP acted as legal advisors to Berry. Andy Ryde, Paul Mudie, David Plant, Alice Boughton and Anna Lyle-Smythe of Slaughter and May acted as legal advisors to RPC. Equiniti Limited acted as registrar to RPC. Faye Jarvis of Hogan Lovells acted as legal advisor to the trustee of RPC Group Plc. Berry Global Group, Inc. (NYSE:BERY) completed the acquisition of RPC Group Plc (LSE:RPC) on July 1, 2019. Jamie Pike, Pim Vervaat, Simon Kesterton, Lynn Drummond, Ros Rivaz, Kevin Thompson and Godwin Wong have tendered their resignations and will step down from the RPC Board as of July 1, 2019. As a result of the transaction, UK Listing Authority has cancelled the listing of RPC Shares on the premium segment of the Official List and the London Stock Exchange has cancelled the trading of RPC Shares on the London Stock Exchange's main market for listed securities.