Amcor-Bemis merger to take effect June 11
June 5, 2019Packaging giant Amcor’s $9 billion takeover of US rival Bemis has been granted final approval by the Federal Court and will go into effect next Tuesday.
Amcor said it had applied for its shares to be suspended after the close of trading on Tuesday.
Amcor shareholders will then receive shares in a holding company called New Amcor, either as a CHESS Depository Interest instrument traded on the ASX or as a share on the New York Stock Exchange.
