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BRIEF-Amcor Entered Agreement With Tekni-Plex For Sale Of Amcor Plants

Published 22/04/2019, 09:49 pm
© Reuters.  BRIEF-Amcor Entered Agreement With Tekni-Plex For Sale Of Amcor Plants
AMC
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April 22 (Reuters) - Amcor Ltd AMC.AX :

* AMCOR AND BEMIS TRANSACTION UPDATE – ASSET SALE ASSOCIATED WITH US ANTITRUST CLEARANCE

* AMCOR LTD - NOW ENTERED INTO A BINDING AGREEMENT WITH TEKNI-PLEX, INC FOR SALE OF AMCOR PLANTS IN MILWAUKEE, ASHLAND AND PART OF MADISON PLANT

* AMCOR LTD - SALE OF AMCOR PLANTS IN MILWAUKEE , ASHLAND AND PART OF MADISON PLANT, FOR CASH CONSIDERATION OF USD 215 MILLION

* AMCOR LTD - TOTAL REMEDIES REQUIRED BY EUROPEAN COMMISSION AND DOJ REPRESENT AN IMMATERIAL PROPORTION OF TOTAL SALES FOR COMBINED COMPANY

* AMCOR - REMEDIES REQUIRED BY EUROPEAN COMMISSION, DOJ DO NOT IMPACT $180 MILLION SYNERGIES EXPECTED TO BE DELIVERED BY END OF THIRD YEAR AFTER DEAL CLOSE

* AMCOR LTD - COMPLETION OF BEMIS TRANSACTION IS EXPECTED ON 15(TH) MAY 2019

* AMCOR - PLANTS IN ASSET SALE GENERATE ANNUAL SALES REVENUE FROM SALE OF FLEXIBLE PACKAGING FOR SOME HEALTHCARE PACKAGING PRODUCTS OF ABOUT $100 MILLION

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