Deals
Amcor Explores Takeover of Packaging Maker Bemis
- Considerations are at an early stage, unclear if approach made
- Packaging stocks have been hit as Harvey cuts resin supplies
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Packaging company Amcor Ltd. is considering a takeover of rival Bemis Co., according to people familiar with the matter.
Amcor is working with advisers to explore a bid for Bemis, which has a market value of about $4.3 billion, said the people, who asked not to be identified as the details aren’t public. Considerations are at an early stage and it’s unclear whether Amcor has made an initial approach to Bemis.