Update on Amcor and Bemis transaction: Significant progress made
January 24, 2019
MELBOURNE, Australia & NEENAH, Wis. (News release) -- Amcor Limited and Bemis Company, Inc. have made significant progress towards closing the all-stock transaction announced on 6 August 2018. Integration planning led by a dedicated team of full time executives from both companies is well underway and preparation of documentation is nearing completion.
The process toward securing required antitrust clearances and other regulatory consents in all jurisdictions which are conditional to closing have either been completed or are progressing in line with the range of original expectations. However, in the United States (US), antitrust approval and completion of shareholder meeting documentation review by the US Securities and Exchange Commission have been delayed due to the partial US government shutdown.
As a result, it is now anticipated the transaction will close in the second quarter of calendar year 2019.
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