Australia's Amcor to acquire rival Bemis for $5.26b

Australia's Amcor to acquire rival Bemis for $5.26b

Freshly painted Coca-Cola aluminum cans travel along a conveyor belt at an Amcor Ltd. beverage can production facility in Melbourne, Australia, on Tuesday, Feb. 19, 2008. (Photo by Carla Gottgens/Bloomberg via Getty Images)

Australia’s Amcor Ltd. agreed to acquire U.S. competitor Bemis Co. in an all-stock deal valued at $5.26 billion to expand sales of plastic packaging in the Americas.

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