(Adds statement from Amcor. Updates stock price)
Aug 4 (Reuters) - Australian packaging company Amcor Ltd (AMC) is in advanced talks to buy U.S. rival Bemis Co BMS.N the Wall Street Journal reported http//www.wsj.com/articles/australia-listed-amcor-is-in-advanced-talks-to-buy-bemis-1533308540?mod=pls_whats_news_us_business_f on Friday, citing people familiar with the matter.
Shares of Bemis, which has a market value of about $4.20 billion, closed up 11.27 percent at $51.53 on Friday.
A deal could be announced as soon as next week, according to the report.
When asked by Reuters about the possible acquisition on Saturday, a spokesman for Amcor declined to comment.
Bemis was not immediately available for comment.
News: AMC UPDATE 1-Australia's Amcor in talks to buy U.S. packaging company Bemis - WSJ
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Last
$16.34 |
Change
0.140(0.86%) |
Mkt cap ! $9.987B | |||
| Open | High | Low | Value | Volume |
| $16.41 | $16.48 | $16.34 | $12.52M | 764.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18025 | $16.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.35 | 815 | 1 |
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| AMC (ASX) Chart |