Kirkland & Ellis LLP advised Amcor Limited (ASX: AMC), a global leader in responsible packaging solutions, on its acquisition of Bemis Company, Inc (NYSE: BMS), a supplier of flexible and rigid plastic packaging used by leading food, consumer products, healthcare, and other companies worldwide, in an all-stock transaction for $6.8 billion. The combination will create the global leader in consumer packaging, with the footprint, scale and capabilities to drive significant value for shareholders, offer customers and employees the most compelling value proposition in the packaging industry and deliver the most sustainable innovations for the environment. The transaction is subject to customary closing conditions and is targeted to close in the first quarter of calendar year 2019. The full press release is available here.
The Kirkland team was led by corporate partners Eric Schiele, Jonathan Davis and Carlo Zenkner along with David Fox and associate David Perechocky; tax partner Jared Rusman; executive compensation partner Scott Price; and capital markets partner Richard Aftanas.