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BRIEF-Amcor And Bemis Transaction Gets Unconditional Antitrust Clearance From Brazil

Published 11/04/2019, 07:41 am
Updated 11/04/2019, 07:50 am
© Reuters.  BRIEF-Amcor And Bemis Transaction Gets Unconditional Antitrust Clearance From Brazil
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April 11 (Reuters) - Amcor Ltd AMC.AX :

* AMCOR AND BEMIS TRANSACTION RECEIVES UNCONDITIONAL ANTITRUST CLEARANCE FROM BRAZIL

* COMPANIES ARE IN ADVANCED DISCUSSIONS WITH U.S. DEPARTMENT OF JUSTICE

* INCLUSIVE OF REMEDIES REQUIRED BY EUROPEAN COMMISSION, COLLECTIVE POTENTIAL REMEDIES TO BE IMMATERIAL PROPORTION OF COMBINED CO TOTAL SALES

* REMEDIES WOULD NOT IMPACT USD 180 MLN OF NET COST SYNERGIES EXPECTED TO BE DELIVERED BY END OF THIRD YEAR FOLLOWING COMPLETION

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