WeissLaw LLP: Bemis Company, Inc. Acquisition May Not Be In The Best Interests of BMS Shareholders
BEMIS (BMS)
Last bemis earnings: 4/22 06:00 am
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US:NYSE Investor Relations:
investors.bemis.com/faq
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Source: PR Newswire
NEW YORK, Aug. 9, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Bemis Company, Inc. ("BMS" or the "Company") (NYSE: BMS) in connection with the proposed acquisition of the Company by Amcor Limited ("Amcor"). Under the terms of the acquisition agreement, BMS shareholders will receive 5.1 shares of Amcor for each BMS share they own, representing consideration of $54.06 based on Amcor's August 8 opening price of $10.60. WeissLaw is investigating whether BMS's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $57.00 per share, or approximately $3.00 above the per-share consideration. In addition, the acquisition is a strategic transaction from which Amcor anticipates deriving numerous benefits, including:An expansive global footprint with a more balanced and profitable exposure to growing markets; Greater glob
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