Amcor won EU approval to buy Bemis after agreeing to sell off Bemis’s medical packaging business in Europe.
- EU says offer removes entire overlap between co.s for flexible packaging for medical use in Europe; sees no issues with food packaging
- EU “cooperated closely with the U.S. Department of Justice“
- EU says merged firm would have been three times bigger than nearest rival for medical packaging; customers do not easily switch suppliers; risk of higher prices, less choice and less innovation without offer
- NOTE: Amcor withdrew and refiled for EU approval on Dec. 12, move gave it more time to complete ...
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