logo
Plus   Neg
Share
Email

Bemis Dividend Expected To Double After Amcor Deal Closure - Quick Facts

Bemis Co., Inc. (BMS) said Monday its shareholders will have the opportunity to benefit from the expected increased dividend, which nearly doubles from Bemis' current dividend, following the closure of the Amcor acquisition.

The deal will create pre-tax annual cost synergies of approximately $180 million identified as part of the transaction and also additional potential revenue synergies from cross-selling opportunities.

In early August, Bemis agreed to acquire Amcor Limited (AMCRY.PK) in an all-stock deal valued at about $6.8 billion. The Bemis Board unanimously supports the deal. As previously announced, the transaction is expected to close May 15, 2019.

Due to the pending merger with Amcor, Bemis is not providing 2019 guidance.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT