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Fly News Breaks for September 8, 2017
BMS
Sep 8, 2017 | 08:32 EDT
Wells Fargo analyst Christopher Manuel believes the strategy and economics behind a Bemis takeover by Amcor "could make sense." He believes Amcor could garner synergies of at least 3%-5% of revenue or $120M-$200M and estimates the company could offer Bemis low-to-mid $50s per share. The analyst reiterates a Market Perform rating on Bemis with a $43 price target.
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