BALA CYNWYD, PA / ACCESSWIRE / March 22, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors Bemis Company, Inc. ("Bemis" or "the Company") (NYSE - BMS-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Amcor Limited ("Amcor"). A shareholder meeting on the transaction has been scheduled for May 2, 2019.
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Under the terms of the transaction, Bemis shareholders will receive only 5.1 shares of Amcor stock for each share of Bemis stock they own. The transaction values Bemis stock at only approximately $54.06 per share. The investigation concerns whether the Board of Bemis breached their fiduciary duties to shareholders and whether Amcor is underpaying for the Company. The transaction may undervalue the Company and may not be in the Bemis shareholders best interests. For example, an analyst has placed a $57.00 per share price target on Bemis stock.
If you own shares of Bemis stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/bemis-company-inc-nyse-bms/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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