September 7, 2017 / 8:09 PM / in 10 months

Amcor considering potential takeover of rival Bemis Co: Bloomberg

(Reuters) - Australian packaging company Amcor Ltd (AMC.AX) is considering a takeover of rival Bemis Co (BMS.N), Bloomberg reported on Thursday, citing people familiar with the matter.

Amcor is working with advisers to explore a bid for Bemis, which has a market valuation of about $4.3 billion, the report said.

Amcor said in a statement that it had seen the media reports. It said it is continually reviewing opportunities to improve shareholder value and said it regularly assesses a range of strategic options.

Bemis, based in Neenah, Wisconsin, was not immediately available to comment.

Reporting by Roopal Verma in Bengaluru; Editing by Arun Koyyur and Leslie Adler

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