(AMC:Australian Stock Exchange Ltd)
Transactions by AMCOR LIMITED (AMC) in the last 6 months
Amcor Limited (ASX:AMC) entered into an agreement to acquire internal tobacco packaging operations in Cachoeirinha from Souza Cruz S.A. (BOVESPA:CRUZ3) for approximately BRL 96 million in cash on April 8, 2015. The transaction has been approved by the Board of Directors of Souza on April 9, 2015. Closing of the acquisition is conditional upon approval from the Brazilian Anti-trust Authority, Brazil's Administrative Council for Economic Defence (CADE).
Amcor Limited (ASX:AMC) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of shares. The Board of Directors believe that the repurchase program is appropriate for capital management efficiency. No shareholder approval is required to commence share repurchase program. The share repurchase program is valid for 12 months. As of February 17, 2015, the company has 1,206,684,923 shares in issue.
The Board of Directors ...
Amcor Limited (ASX:AMC) entered into an agreement to acquire Zhongshan Tiancai Packaging Co., Ltd for approximately CNY 210 million on December 17, 2014. Tian Cai has reported sales of approximately CNY 280 million. The purchase price represents 7.1 times EBITDA. The transaction is expected to close in the first half of the year 2015. Karen IP of Herbert Smith LLP (Shanghai, China) acted as legal advisor for Amcor.
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