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UPDATE 1-Activist investor Ancora urges Berry Global to consider options including sale

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(Adds details on the letter, share movement)

Nov 29 (Reuters) - Activist investor Ancora Holdings Group LLC in a letter to Berry Global Group Inc on Monday urged the plastic maker's board to initiate a review of strategic alternatives, including a sale or go-private transaction.

Ancora, which owns about a 1% stake in Berry, said it believes the company could fetch a valuation of $100 per share or more through a sale.

Shares of Berry rose 1.4% to $67.40 in premarket trade. They have risen about 18% this year.

The investor also asked the board to raise its repurchase authorization to $1 billion, up from $50 million Berry authorized last week.

Last year, Canyon Capital Advisors LLC also called on the company to sell some of its non-core assets to help cut its debt. (Reporting by Ruhi Soni in Bengaluru;Editing by Shinjini Ganguli)

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