Amcor expects to wrap up Bemis buy in May

Wednesday, March 13, 2019 2:30 pm

Amcor expects to wrap up Bemis buy in May | Amcor, Bemis,

MELBOURNE, Australia & NEENAH, Wis.-- Packaging company Amcor says it expects its takeover of US rival Bemis to be completed in May.

Amcor, which plans a dual-listing on the New York Stock Exchange and the ASX, submitted the scheme to US authorities and the Australian Securities and Investments Commission for approval on Wednesday. If approval is granted by regulators in the US and Brazil, the Australian company expects the takeover process to be completed on May 15.

The European Commission approved the takeover last month after Amcor promised to sell three Bemis plants in the UK and Ireland to address concerns about competition.

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