September 7, 2017 / 11:53 PM / 10 months ago

UPDATE 1-Amcor considering potential takeover of rival Bemis Co -Bbg

(Adds Amcor comment)

Sept 7 (Reuters) - Australian packaging company Amcor Ltd is considering a takeover of rival Bemis Co, Bloomberg reported on Thursday, citing people familiar with the matter.

Amcor is working with advisers to explore a bid for Bemis, which has a market valuation of about $4.3 billion, the report said.

Amcor said in a statement that it had seen the media reports. It said it is continually reviewing opportunities to improve shareholder value and said it regularly assesses a range of strategic options.

Bemis, based in Neenah, Wisconsin, was not immediately available to comment. (Reporting by Roopal Verma in Bengaluru; Editing by Arun Koyyur and Leslie Adler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below