Bemis Company, Inc. (BMS)

[tedkov]

Bemis Shareholders Upset Over Merger Bid and Seek a Higher Price
August 15, 2018
Business Journal
Tags: NewsPoints Bemis Amcor United States Corporate Affairs Mergers & Acquisitions

A group of Bemis Company shareholders are attempting
to block the purchase of the company by Amcor Limited.

The shareholders allege that the purchase price of 5.1 shares of Amcor stock for each share of Bemis (or an implied value of $54 per share) is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

Bemis did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Bemis for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or [e-mail]