Bemis Company, Inc. (BMS): Aug 3 (Reuters) - Australian packaging c...

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Friday, 08/03/2018 2:58:35 PM

Friday, August 03, 2018 2:58:35 PM

Aug 3 (Reuters) - Australian packaging company Amcor Ltd is in advanced talks to buy U.S. rival Bemis Co , the Wall Street Journal reported https://www.wsj.com/articles/australia-listed-amcor-is-in-advanced-talks-to-buy-bemis-1533308540?mod=pls_whats_news_us_business_f on Friday, citing people familiar with the matter.
Shares of Bemis, which has a market value of about $4.20 billion, were up 10.5 percent at $51.23 in morning trade.
A deal could be announced as soon as next week, according to the report.

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