This deal was never not going to be supported by Amcor shareholders, because it is a very significant one for the company. (I hate to say it because it is a bit hackneyed, but "transformative" is what it is.)
With the stock only trading at a market multiple now, even after the impressive share price move over the past 6 months, there is still meaningful upside, I think, given the earnings growth (in the mid-teen percentages) that will be delivered in the coming years.
I think this should be rated at something like a 20% premium to the average valuation multiples of the broader market.
News: AMC Amcor Says Shareholders Vote In Favour Of Scheme To Create Amcor PLC, page-2
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Last
$16.34 |
Change
0.020(0.12%) |
Mkt cap ! $9.951B | |||
| Open | High | Low | Value | Volume |
| $16.26 | $16.37 | $16.24 | $6.430M | 394.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 11764 | $16.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.35 | 5362 | 10 |
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| Last trade - 14.47pm 03/10/2024 (20 minute delay) ? |
| AMC (ASX) Chart |