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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amcor PLC | ASX:AMC | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.25% | 15.66 | 15.60 | 15.70 | 15.79 | 15.62 | 15.78 | 1,265,069 | 09:50:00 |
From May 2019 to May 2024
By Dana Mattioli and Ben Dummett
Breaking News...
Amcor Ltd. is in advanced talks to acquire packaging company Bemis Co., according to people familiar with the matter.
Terms of the potential deal couldn't be learned, but on Friday morning Bemis, based in Neenah, Wis., had a market value of $4.2 billion. Given a typical takeover premium, an acquisition could value the company at more than $5 billion.
Amcor and Bemis could announce a deal next week assuming the talks don't fall apart at the last minute, which is still possible, the people said.
Bemis makes flexible packaging for healthcare companies and consumer packaged goods providers like Kraft Heinz Co. Globally, it employs around 16,000. Amcor makes packaging and wrapping for products such as disposable drinks and condiments. It has a market value equivalent to about $13 billion. The company has its corporate headquarters in Zurich and head office in Australia.
(More to Come)
Write to Dana Mattioli at dana.mattioli@wsj.com and Ben Dummett at ben.dummett@wsj.com
(END) Dow Jones Newswires
August 03, 2018 11:17 ET (15:17 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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