Amcor and Bemis expect to complete merger in coming weeks

Company News

by Anna Napoli

Amcor (ASX:AMC) and Bemis have announced they expect their merger to be completed in the next several weeks.

Last Thursday Bemis shareholders voted overwhelmingly in favour of Amcor's $9 billion buyout.

Amcor says all clearances and consents required prior to the Second Court Hearing in Australia and closing of the transaction have been completed, apart from antitrust approval in the United States.

The closing remains subject to approval and consent, and filing of a final judgement by the US Department of Justice (DOJ).

If successful the merger will create one the world's largest consumer packaging firms.

Shares in  Amcor (ASX:AMC) closed 0.74 per cent higher at $16.40 yesterday.


Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.