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Kekst & Co. is working with Australia’s Amcor Ltd. as it announced today a $6.8B stock deal to acquire consumer packaging rival Bemis Co. of Neenah, Wis.
Bemis, which has faced pressure to boost profits from activist investor Starboard Value, supplies packaging to healthcare companies and CPG giants such as Kraft-Heinz.
Amcor, which employs 35K employees in more than 40 countries, generated $9.1B in fiscal 2017 revenues.
Bemis had 16K workers and generated $4B in last year sales.
Amcor stockholders will own 71 percent of the combined entity that will have its primary listing on the New York Stock Exchange.
Kekst’s team is led by Jim Fingeroth, Daniel Yunger, Adam Weiner, Kirsten Chalke, Connor Moriarty and Simone Leung.
Joele Fank, Wilkinson Brimmmer Katcher’s Matthew Sherman and Sharon Stern represent Bemis.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
