Aug 3 (Reuters) - Australian packaging company Amcor Ltd AMC.AX is in advanced talks to buy U.S. rival Bemis Co BMS.N , the Wall Street Journal reported https://www.wsj.com/articles/australia-listed-amcor-is-in-advanced-talks-to-buy-bemis-1533308540?mod=pls_whats_news_us_business_f on Friday, citing people familiar with the matter.
Shares of Bemis, which has a market value of about $4.20 billion, were up 10.5 percent at $51.23 in morning trade.
A deal could be announced as soon as next week, according to the report.
Bemis and Amcor were not immediately available for comment.