Glatfelter shareholders approve all merger proposals; 1-for-13 reverse stock split set for Nov 4

Magnera Corp

Shareholders approved share issuance, charter amendments (increase shares to 240M, reverse split), omnibus plan, and golden parachute compensation.
Over 30M votes cast in favor of share issuance proposal; reverse split ratio set at 1-for-13.
Transaction with Berry's HHNF business expected to close on November 4, 2024.
Reverse split effective 12:01 AM ET on Nov 4; post-split trading under new CUSIP 55939A 107.
No fractional shares issued; proceeds from aggregated fractions distributed pro rata.

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