|Bid||16.56 x 0|
|Ask||15.25 x 0|
|Day's Range||16.46 - 16.62|
|52 Week Range||12.66 - 16.62|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||29.17|
|Earnings Date||Jun 11, 2019|
|Forward Dividend & Yield||0.79 (4.94%)|
|1y Target Est||10.71|
Amcor Limited (AMC.AX) and Bemis Company, Inc. (BMS) have made significant progress towards closing the all-stock transaction announced on 6 August 2018. All clearances and consents required prior to the Second Court Hearing in Australia and closing of the transaction, including Amcor and Bemis shareholder approval, have been completed with the exception of antitrust approval in the United States. As announced on 22 April 2019, closing remains subject to approval and consent, and filing of a final judgement by the US Department of Justice (DOJ) in relation to the sale of certain Amcor assets located in the US to Tekni-Plex, Inc. These required consents and filings have not yet been finalised by the DOJ.
Bemis Company, Inc. (BMS) today announced that its shareholders voted to approve Bemis’ combination with Amcor Limited (AMC.AX) at the Company’s Special Meeting of Shareholders held earlier today. “We are pleased with the strong support we have received from Bemis shareholders for our transformational combination with Amcor,” said William F. Austen, President and CEO of Bemis. Innisfree M&A Incorporated served as Bemis Company’s proxy solicitor.
The review follows the announcement that Tekni-Plex has entered into an agreement to acquire three manufacturing facilities from Amcor Limited (Baa2, Stable) and he purchase price has not been disclosed. The closing of the acquisition is conditioned upon approval by the United States Department of Justice and the closing of the merger between Amcor Limited (Baa2, Stable) and Bemis Company, Inc. (Baa2, Stable).
The Board of Directors of Bemis Company, Inc. (BMS) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that Bemis shareholders vote “FOR” Bemis’ combination with Amcor Limited (AMC.AX).
Packaging companies Amcor Limited and Bemis Company, Inc. (NYSE: BMS ) announced efforts Monday to resolve the Department of Justice's antitrust concerns with the combination of the two companies. What ...
As previously announced, the companies are in advanced discussions with Staff of the Antitrust Division of the US Department of Justice (DOJ) to resolve certain specific antitrust concerns raised in the US associated with the proposed combination of Amcor and Bemis. In order to resolve these concerns, Amcor has now entered into a binding agreement with Tekni-Plex, Inc (Tekni-Plex), for the sale of Amcor plants in Milwaukee (WI), Ashland (MA) and part of the Madison (WI) plant, for cash consideration of USD 215 million.
Shares of Amcor Limited (ASX:AMC) will begin trading ex-dividend in 4 days. To qualify for the dividend check of US$0.17 per share, investors must have owned the shares prior to 26 April 2019, which is the last day the company's managem...
Amcor Limited (AMC.AX) and Bemis Company, Inc. (BMS) announce another important step toward closing their all-stock transaction. Forward-looking statements in this communication include, without limitation, statements about the anticipated benefits of the contemplated transactions, including future financial and operating results and expected synergies and cost savings related to the contemplated transactions, the plans, objectives, expectations and intentions of Amcor, New Amcor or Bemis and the expected timing of the completion of the contemplated transactions.
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Bemis Company, Inc. (BMS) announced today that definitive proxy materials have been filed with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Company’s pending merger with Amcor Limited (AMC.AX). The definitive proxy statement is available on the Investor Relations section of Bemis’ website, as well as www.sec.gov, and will be sent to all Bemis shareholders entitled to vote at the Bemis Special Meeting of Shareholders. As previously announced, Bemis’ Special Meeting is scheduled to take place on May 2, 2019 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) at The Langham, Chicago, 330 North Wabash Avenue, Chicago, Illinois 60611.
HONG KONG/SYDNEY, March 22 (IFR) - Australian packaging company Amcor has launched a US$4.5bn refinancing to back its proposed merger with US-based Bemis, adding to a surge in event-driven financings in the country since the beginning of the year. Amcor's US$5.25bn all-stock purchase of Bemis is the 158-year old company's biggest acquisition, for which it is raising its largest-ever loan to refinance debt as part of the process. Sole mandated lender JP Morgan launched the multi-tranche loan, Australia's largest this year, last week to global lenders.
Amcor Board of Directors and Senior Leadership appointments announced. Amcor Limited (AMC.AX) and Bemis Company, Inc. (BMS) announce that further, important progress has been made towards completion of their all-stock transaction, with the filing of shareholder documentation and finalisation of Board of Director and Senior Leadership appointments.
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Amcor Limited (AMC.AX) and Bemis Company, Inc. (BMS) announce an important step toward closing their all-stock transaction, with approval received from the European Commission on 11 February 2019. A condition of this approval is an agreement to divest three Bemis plants located in the United Kingdom and Ireland. This approval preserves Amcor’s European healthcare packaging business which is substantially larger and participates in attractive, high value end markets.
Australian packaging company Amcor secured EU antitrust approval on Monday for its $5.25 bln buy of Bemis after agreeing to sell the U.S. company's medical packaging business in Europe to address competition concerns. Amcor, the world's biggest listed packaging company, announced the deal in August last year, which will add some new products to its portfolio and also boost its presence in the Americas.
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The $5.25 billion all-stock deal was initially expected to close in the first quarter of 2019, Amcor had said in August last year. "In the United States, antitrust approval and completion of shareholder meeting documentation review by the U.S. Securities and Exchange Commission have been delayed due to the partial U.S. government shutdown," Amcor said in a statement on Thursday. Amcor swooped on Bemis Company last year as packaging firms jostled to buy growth with acquisitions.
Amcor Limited (AMC.AX) and Bemis Company, Inc. (BMS) have made significant progress towards closing the all-stock transaction announced on 6 August 2018. Forward-looking statements in this communication include, without limitation, statements about the anticipated benefits of the contemplated transactions, including future financial and operating results and expected synergies and cost savings related to the contemplated transactions, the plans, objectives, expectations and intentions of Amcor, New Amcor or Bemis and the expected timing of the completion of the contemplated transactions.
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Attractive stocks have exceptional fundamentals. In the case of Amcor Limited (ASX:AMC), there's is a well-regarded dividend payer with a a strong track record of performance and an optimistic growth Read More...
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