Atlantic Investment Provides Information to the Shareholders
January 08, 2020 at 04:42 pm EST
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On January 8, 2020, Atlantic Investment Management, Inc. announced that it has filed a schedule 13D on October 31, 2019, in which it disclosed its views that the Company should pursue the sale of its European assets as well as its remaining Asian assets and indicated its desire for Board representation, among other things. Atlantic Investment stated that as a result of the substantial increase in the Company’s stock price since the time of that filing, AJR, Cambrian Fund, Cambrian Global Fund and the Other Accounts engaged in transactions to optimize portfolio construction and position concentration, at the direction of Atlantic Investment. In addition, Atlantic Investment stated that it and its representatives continue to engage in discussions with members of management and the Board, other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals and other third parties regarding a variety of matters related to the Issuer, which may include, among other things, the Company’s business, management, capital structure and allocation, corporate governance, Board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value.
O-I Glass, Inc. is a manufacturer of glass container products. The Companyâs segments include the Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices, and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes, and colors. Its customers consist of food and beverage manufacturers, including Anheuser-Busch InBev, Brown-Forman, Carlsberg, Coca-Cola, Constellation, Diageo, Heineken, Molson Coors, Nestle, PepsiCo and Pernod Ricard. It has glass container manufacturing plants in the Americas region located in Brazil, Canada, Colombia, Ecuador, Mexico, Czech Republic, France, Germany, Hungary and the United States. It has a distribution facility in the United States used to import glass containers from its business in Mexico. It has approximately 69 plants in 19 countries.
O-I GLASS, INC. 
