WeissLaw LLP: Bemis Company, Inc. Acquisition May Not Be In The Best Interests of BMS Shareholders

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 global resources and economies of scale, with best-in-class operating and innovation capabilities; and
• Enhanced growth profile through increased exposure to attractive end markets and product segments.

Finally, upon completion of the transaction, BMS shareholders will own a meager 29% of the combined company.  

Given these facts, WeissLaw is investigating whether BMS's Board acted in the best interests of BMS's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own BMS shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected]. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/bemis-company-inc/

SOURCE WeissLaw LLP

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