Report
Charles Gross
EUR 100.00 For Business Accounts Only

Bemis' Acquisition by Amcor Will Be Especially Beneficial for Bemis Shareholders

After reviewing the details of Amcor's offer to purchase Bemis in an all-stock deal, we believe that Bemis' shareholders stand to benefit meaningfully. Amcor is poised to issue 5.1 Amcor shares for every Bemis share held, with the deal slated to close in the first quarter of 2019. Versus our prior $49 per share fair value estimate, Bemis shareholders would see upside from the deal even if Amcor in unable to realize a single dollar in synergies, due to the deal premium alone. However, we also exp...
Underlying
Bemis Company Inc.

Bemis is a manufacturer of packaging products. The majority of the company's products are sold to customers in the food industry. The U.S. Packaging segment represents various food, consumer, and industrial products packaging-related manufacturing operations. The Latin America Packaging segment includes various food and non-food packaging-related manufacturing operations located in Latin America. The Rest of World Packaging segment includes various food and non-food packaging-related manufacturing operations located in Europe and Asia-Pacific as well as medical device and pharmaceutical packaging-related manufacturing operations in the U.S., Europe, and Asia.

Provider
Morningstar
Morningstar

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.

Analysts
Charles Gross

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