#ANCORA BERRY FREE#

Free Delivery for orders of £75 or over.Īll other deliveries are charged at a cost of £8.95.ĭeliveries are usually with you 24 hours after the goods leave us, but recently have been taking slightly longer.

Local deliveries to GL50, GL51, GL52, GL53 & GL54 are delivered in our own vans. We deliver local orders in our own vans and all other UK orders are shipped within 24 hours of receipt, using an Overnight Courier Service. Grape : Pinot Grigio 87%, Pinot Noir 13%Ĭountry : Province of Pavia, Lombardy, ItalyĪt D'Arcy, we pride ourselves on our friendly, efficient and personal delivery service. After a slow, cool fermentation in temperature-controlled stainless steel tanks the wine was bottled young to preserve freshness and aromas.įood Match : Serve chilled as an aperitif or to accompany salads, cold meats such as salami or smoked chicken or seafood dishes The grapes were harvested at optimum ripeness, crushed and the skins left in contact with the juice for 12 hours at low temperature before gentle pressing. The extra ripeness allows the dark-skinned Pinot Grigio grapes develop a pink tinge which is further enhanced by the addition of a small proportion of Pinot Noir grapes from the same vineyards. The ripest grapes were selected from mature hillside vineyards and hand harvested in early September. Produced from grapes grown in the Pavia region of northern Italy. Soft and creamy textured - with good intensity of ripe berry and red cherry fruit, and a vibrant finish.

Tasting Notes: A dry, fresh and fruity rose with delicate aromas of red berries. Ripe berries and red cherry with vibrant finish More Info

Also see SA contributor Daniel Jones' piece entitled 'Berry Global Group: A Great Play On Packaging.Soft and dry.

The Ancora stake and sale push was earlier reported by the WSJ.

Earlier this year, Ancora was part of a group of activists who were able to secure some board seats on Kohl's board and push the retailer for an expanded repurchase plan.

Ng cautions that 'as long as BERY continues to execute on its strategy, and doesn't pursue a large deal that pushes leverage noticeably above 4x, we believe it's on a path to re-rate on its own.'.

'Given its PE roots (owned by Apollo) prior to going public in 2012, and its ability to generate consistent FCF through a cycle, BERY could be a logical LBO candidate, and Rank Group & Reynolds (NASDAQ: REYN) have historically been active in consolidating the plastic packaging industry,' Ng, who has a buy rating and $80 price target on BERY, wrote.

Jefferies analyst Philip Ng writes in a note BERY is a logical LBO candidate and a $100 takeout price for BERY 'isn't ridiculous,' though the company appears less vulnerable to an activist and the shares may 're-rate' on their own.

'Not only is the size of the accelerated share repurchase transaction wholly insufficient, but the Board did not even increase its existing authorization.'

'We deem Wednesday afternoon’s announcement of $50 million in planned share repurchases to be an insult to investors,' Ancora wrote in the letter.

Berry last week announced a plan to repurchase $50M common shares.

In February 2020, Canyon Capital called on the company to sell some non-core businesses and use the proceeds to pay down debt to improve its stock performance.

Ancora is not the first shareholder to try pressure Berry Global ( BERY).

Ancora, which owns a 1% stake in Berry, also sees the possibility for the company to do an upsized share repurchase program and sale-leaseback transaction.

Ancora said it believes that Berry Global ( BERY ) may be worth $100/share in sale, according to a letter sent to Berry's board.

Berry Global (NYSE: BERY) rose 2% in premarket trading after holder Ancora Holdings Group said the company should review alternatives, including a sale.

#ANCORA BERRY UPDATE#

Update 11:20am: Adds Jefferies analyst comment.

Ancora berry