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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Bemis Company, Inc. (NYSE: BMS) to Amcor Limited. Under the terms of the transaction, Bemis shareholders will receive 5.1 Amcor shares for each Bemis share, representing an approximate value of US$57.75 per share.
The Bemis merger investigation concerns whether the Board of Bemis breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Amcor Limited is underpaying for Bemis shares, thus unlawfully harming Bemis shareholders.
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