Bemis, Amcor say closing delayed due to U.S. government shutdown
Amcor and Bemis have made significant progress towards closing the all-stock transaction announced on August 6, 2018. Integration planning led by a dedicated team of full time executives from both companies is well underway and preparation of documentation is nearing completion. The process toward securing required antitrust clearances and other regulatory consents in all jurisdictions which are conditional to closing have either been completed or are progressing in line with the range of original expectations. However, in the U.S., antitrust approval and completion of shareholder meeting documentation review by the SEC have been delayed due to the partial US government shutdown. As a result, it is now anticipated the transaction will close in the second quarter of calendar year 2019.