Last Hurdle Cleared in Amcor-Bemis Tie-Up; Amcor Shares Remain Overvalued
With anti-trust clearance now provided by the U.S. Department of Justice, or DOJ, the final obstacle in the tie-up of narrow-moat Amcor and narrow-moat Bemis has been eliminated. Amcor’s proposed remedy to U.S. anti-trust issues--the sale of certain U.S. Amcor assets--was sufficient to assuage DOJ concerns while not impacting the expected USD 180 million in deal synergies.ÂOur valuation is unchanged at AUD 14.60 per share but Amcor continues to screen as expensive, trading at an approximate 12%...
Amcor is a packaging company. Co. has the following reportable segments: Amcor Rigid Plastics, which manufactures rigid plastic containers for a range of primarily beverage and food products; Amcor Flexibles, which represents the aggregation of four operating segments of which each manufactures flexible and film packaging for their respective industries; as well as Other/Investments, which holds Co.'s equity accounted investments in the associate AMVIG Holdings Limited (AMVIG) and the joint venture Discma AG (Discma). AMVIG is mainly involved in the manufacture of tobacco packaging while Discma's operations primarily relate to the development and licensing of packaging product development.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.