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Saturday 18

August, 2018 4:55 AM



Amcor shares halted amid acquisition

Amcor shares halted amid acquisition

Amcor has requested a trading halt in relation to an acquisition following a media report that the packaging group is set to buy US rival Bemis.

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By AAP 06.08.2018 09:14 AM

Packaging company Amcor has requested a trading halt, pending an announcement about an acquisition.

The trading halt follows a media report that it is advanced talks to buy US rival Bemis, which has a market value of about $US4.20 billion.

Amcor share closed 0.3 per cent higher at $15.28 on Friday, with a market capitalisation of $17.69 billion, while Bemis shares jumped 11.27 per cent to $US51.53 in the US.

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