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Berry Plastics to buy AEP Industries to expand in North America

Aug 25 (Reuters) - Berry Plastics Group Inc said it would buy AEP Industries Inc, which makes stretch wraps and can liners, in a deal valued at $765 million, including debt, to expand its presence in North America.

Based on Berry Plastics' close on Aug. 23, AEP shareholders will receive either $110 in cash or 2.5011 shares of Berry Plastics for each AEP share.

The offer represents a premium of 42.9 percent to AEP's Wednesday close.

Upon closing of the stock and cash deal, AEP shareholders will own...


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