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

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    (Adds Amcor comment)

    Sept 7 (Reuters) - Australian packaging company Amcor Ltd (AMC) 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. [nASX6JXVYb]

    Bemis, based in Neenah, Wisconsin, was not immediately available to comment.

 
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$14.05
Change
0.185(1.33%)
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