Amcor, Bemis Deal Closing Delayed by U.S. Government Shutdown
24 1월 2019 - 8:35PM
Dow Jones News
By Colin Kellaher
Amcor Ltd. (AMC.AU) and Bemis Co. (BMS) on Thursday said the
partial shutdown of the U.S. government has pushed back the closing
of their union to the second quarter of the year.
The packaging companies said the shutdown has delayed U.S.
antitrust approval and the review of shareholder meeting
documentation by the Securities and Exchange Commission.
Amcor in August agreed to buy Bemis in a stock deal worth about
$5.26 billion. The companies had expected to complete the
transaction in the first quarter.
Amcor and Bemis said integration planning for the deal is well
underway, adding that the regulatory process in other jurisdictions
is complete or progressing in line with their original
expectations.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 24, 2019 06:20 ET (11:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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