Amcor and Bemis Receive US Antitrust Clearance, Amcor Expected to Begin Trading on NYSE June 11
31 Maggio 2019 - 12:53AM
Dow Jones News
By Stephen Nakrosis
Amcor Limited and Bemis Co., Inc. (BMS) said Thursday they had
received regulatory clearance from the U.S. Department of Justice
to complete the combination of the two companies, subject to
certain conditions.
The Justice Department said it would require Amcor to divest its
medical flexible packaging assets. The companies said this
condition would be met by the previously announced sale of certain
Amcor assets to Tekni-Plex, Inc.
The two consumer packaging companies announced their intention
to merge in August of 2018. At the time, the companies said the
deal would see Amcor shareholders owning 71% and Bemis shareholders
29% of the combined company.
The all-stock deal will see Amcor list on the New York Stock
Exchange and continue to list on Australia's ASX.
Bemis shares will cease trading on the NYSE at the close of
trade on June 10, and Amcor shares will commence trading the
following day.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 30, 2019 18:38 ET (22:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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