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
$14.40 |
Change
-0.070(0.48%) |
Mkt cap ! $8.605B | |||
| Open | High | Low | Value | Volume |
| $14.46 | $14.46 | $14.38 | $18.83M | 1.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24624 | $14.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.42 | 2581 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| AMC (ASX) Chart |