(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.
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$16.84 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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4 | 8761 | $16.84 |
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4 | 8761 | 16.840 |
1 | 5217 | 16.830 |
4 | 29596 | 16.820 |
5 | 28261 | 16.810 |
3 | 18707 | 16.800 |
Price($) | Vol. | No. |
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16.850 | 10000 | 1 |
16.860 | 10000 | 1 |
16.880 | 200 | 1 |
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