Bemis Company, Inc. (BMS) said it is involved in discussions with the staff of the Department of Justice regarding their review, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, of Bemis' pending acquisition of the Food Americas operations of Alcan Packaging, a business unit of Rio Tinto plc (RIO.L, RTP).
Bemis previously indicated that it had anticipated receiving regulatory approval of the transaction by the end of 2009. While discussions are progressing, management no longer anticipates that approval will be received by December 31, 2009. It is now management's expectation that regulatory approval will be received in early 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.