Acquisition and Equity Raising

 

TIDM81BK 
 
RNS Number : 5957X 
Amcor Limited 
18 August 2009 
 

18 August 2009 
 
 
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT 
OR BENEFIT OF, U.S. PERSONS 
 
 
AMCOR ANNOUNCES US$2,025 MILLION ALCAN PACKAGING ACQUISITION AND A$1,611 MILLION 
FULLY-UNDERWRITTEN EQUITY RAISING 
 
 
Amcor announces today that it has made a binding offer to acquire certain parts 
of the operations of Alcan Packaging (the "Alcan Packaging Businesses"), a 
business unit of the Rio Tinto Group, for a headline price of US$2,025 million1 
(A$2,440 million2), subject to certain adjustments3, and regulatory approvals. 
 
 
The businesses Amcor has offered to acquire are: 
 
 
- Alcan Packaging Food Europe ("Food Europe") 
- Alcan Packaging Global Pharmaceuticals ("Global Pharmaceuticals") 
- Alcan Packaging Food Asia ("Food Asia") 
- Alcan Packaging Global Tobacco ("Global Tobacco") 
 
 
The acquisition is being funded through a combination of underwritten equity and 
committed bank debt. The equity component is being funded by a fully 
underwritten offer of A$1,611 million via a 4-for-9 non-renounceable pro rata 
entitlement offer at A$4.30 per share. 
 
 
For full details visit out website www.amcor.com 
 
 
1 Approximately 70% of the headline purchase price is payable in EUR with the 
remainder payable in US$. 
2 Converted at A$1.00 = US$0.83 
3 The headline purchase price of US$2,025 million is subject to an adjustment 
based on the EBITDA of the Alcan Packaging Businesses for the year ended 31 
December 2009, or the last 12 months prior to Completion if Completion occurs 
before 31 December 2009, adjusted to a fixed exchange rate of EUR1.00 = US$1.31 
("Adjusted LTM EBITDA"). 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQSFLSIASUSEDA