Bemis Co. Hit With Stockholder Suit Over Amcor Acquisition

Packaging manufacturer Bemis Co. faces a stockholder class action aiming to stave off a vote on a proposed takeover of the company by Amcor Ltd.

The proposed class seeks to enjoin Bemis and its board of directors from proceeding with the vote until all material information concerning the proposed transaction is provided to them.

The class is seeking the details of the financial analyses performed by the Bemis’s financial advisor Goldman Sachs & Co. LLC, the background of the proposed transaction, and any potential conflicts of the board, the company’s executive officers, and Goldman.

Bemis’s proxy statement filed with the ...