---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-110339"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:55:45.228045+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Glatfelter and Berry waive IRS ruling & tax opinion conditions to close HHNF merger

## Summary
- Waived condition for IRS private letter ruling on tax treatment of the spin-off and merger.
- Berry believes any taxable gain from spin-off would be immaterial based on adjusted tax basis.
- Parties amended Tax Matters Agreement to reflect waivers and clarify liability for transaction taxes.
- Bryan Cave Leighton Paisner LLP tax opinion filed as Exhibit 8.1 supersedes prior opinion.
- Transaction to combine Berry's nonwovens with Glatfelter and rename to Magnera remains subject to other closing conditions.

## SEC filing metadata
- accession: 0001104659-24-110339
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000110465924110339/0001104659-24-110339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000110465924110339/tm2426554d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-110339
- JSON: https://secwatch.observer/filing/0001104659-24-110339.json
- Plain text: https://secwatch.observer/filing/0001104659-24-110339.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.