US: Amcor and Bemis announce asset sale for US antitrust clearance

US: Amcor and Bemis announce asset sale for US antitrust clearance

Amcor Limited and Bemis Company announced they are in advanced discussions with staff of the Antitrust Division of the US Department of Justice (DOJ) to resolve certain specific antitrust concerns raised in the US associated with the proposed combination of Amcor and Bemis. In order to resolve these concerns, Amcor has now entered into a […]

EU: Amcor wins conditional approval for US$5.25B Bemis deal

EU: Amcor wins conditional approval for US$5.25B Bemis deal

Australian packaging company Amcor secured EU antitrust approval for its US$5.25 billion buy of Bemis after agreeing to sell the US company’s medical packaging business in Europe to address competition concerns, reported Reuters. Amcor, the world’s biggest listed packaging company, announced the deal in August last year, which will add some new products to its […]

Australia/US: Gov shutdown delays US$5B Bemis takeover

Australia/US: Gov shutdown delays US$5B Bemis takeover

The pending acquisition of Bemis by Australian packaging products giant Amcor is now expected to close in the second quarter of this year because of the partial US government shutdown. The US$5.25 billion all-stock deal was initially expected to close in the first quarter of 2019, Amcor had said in August last year. But it […]