The Amcor takeover of US-based Bemis has taken one more step towards completion, with shareholders in both companies voting overwhelmingly in favour of the deal.
75 per cent of Amcor votes were cast in favour of the merger, and 96 per cent of Bemis votes. The deal remains subject to US antitrust approval before it can go ahead, said Amcor in a statement to the ASX.
“Closing remains subject to approval and consent, and filing of a final judgement by the US Department of Justice (DOJ) in relation to the sale of certain Amcor assets located in the US to Tekni-Plex, Inc. These required consents and filings have not yet been finalised by the DOJ,” Amcor said.
The deal was announced last year in a bid to expand Amcor's US presence, and Amcor will list on the New York Stock Exchange once it is complete.