Hints and tips:
...Amcor shares were halted for trading on Monday....
...(FT) News Round-up Linde-Praxair $80bn megamerger faces fresh hurdles (FT) DoJ says AT&T ruling defied ‘fundamental economic logic’ (FT) Packaging group Amcor to acquire US rival Bemis for $6.8bn (FT...
...Amcor appears fifth in packaging industry rankings and is much smaller in market worth and staffing. A comparison of total shareholder return is more flattering....
...Amcor’s former managing director Russell Jones stepped down in 2004 when Amcor admitted it may have broken competition rules following a cartel scandal....
...Amcor is no Apple, but the company’s chief executive-elect Ron Delia will face similar challenges....
...Steven Dando becomes acting finance director to replace Phil Dutton, who announced his exit in November, while board member Ian Wilson is stepping down as he moves to Switzerland with packaging company Amcor...
...- Rio Tinto completes sale of majority of Alcan Packaging businesses to Amcor for $1.9bn – statement. - Cable & Wireless announces $500m senior secured notes offering due 2017 – statement....
...Barring last-minute hitches, Amcor and Rio are set to announce a deal this week, and Amcor plans to help fund the deal via a A$1.6bn equity raising....
...Amcor and Rio also had to address a shortfall in Alcan’s European pension funds....
...This includes the offer from Amcor, an Australian packaging manufacturer, to buy the bulk of Alcan Packaging....
...Analysts warned that further currency strength could hurt some sectors of the stock market with Brambles, the global pallet supplier, falling 2.6 per cent to A$7.45 and packaging group Amcor down 2.6 per...
...Rio could see net debt drop to between $18bn and $20bn by the end of the fiscal year, analysts said, especially if it completes its agreed sale of Alcan Packaging’s food business to Amcor for $2bn....
...Amcor shares dropped 33 cents, or 7 per cent, to close at A$4.69....
...Rio said last month it received a $2bn offer from Australia’s Amcor for a large part of Alcan Packaging, including its pharmaceuticals, tobacco, and European and Asian food businesses....
...The group was expected to complete the sale of its packaging business to Australia’s Amcor for about $2.3bn....
...Possible bidders for the remainder of Rio’s packaging assets include Australia’s Amcor, which said in February that it was in discussions with Rio....
...Other candidates to raise funds include Woodside Petroleum, Amcor, the Australian packaging group in talks with Rio Tinto to buy Alcan packaging assets, and Rio itself....
...This diplomatic crisis overshadowed talk that Rio had agreed a price of about £2.3bn to sell most of its remaining packaging operations to Amcor....
...Amcor, the Australian packaging group, was rumoured to have secured financing for a deal in excess of $2bn. Rio recently wrote down the value of the entire asset to $3.2bn....
...As such, it would complement CHH’s interests in Australia and New Zealand where it is one of the top three packaging groups, behind Amcor and privately-held Visy....
...Vision has stakes in three tobacco packaging plants in the country, while Amcor has two....
...Amcor’s main rival is Visy, the privately-held group owned by billionaire Richard Pratt, Australia’s third richest individual....
...The potential cartel in corrugated boxes became public last week when Amcor, one of the world?...
...Sydney inched lower after Amcor, the world's largest maker of plastic bottles, announced the shock resignation of two executives. The S&P/ASX 200 index fell 0.6 per cent to 3,928.7....
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