Australia’s Amcor delays Bemis takeover citing U.S. government shutdown
February 6, 2019Amcor Ltd pushed the closing date of its takeover of American rival Bemis by a quarter on Thursday, citing regulatory logjam due to the partial U.S. government shutdown.
The $5.25 billion all-stock deal was initially expected to close in the first quarter of 2019, Amcor had said in August last year. But it has now been pushed to the second quarter.
