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Australia's Amcor in talks to buy U.S. packaging company Bemis - WSJ

Published 04/08/2018, 01:28 am
Updated 04/08/2018, 01:30 am
© Reuters.  Australia's Amcor in talks to buy U.S. packaging company Bemis - WSJ
AMC
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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.

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