Amcor shares halted pending acquisition news

Packaging company Amcor has requested a trading halt, pending an announcement about an acquisition.

The trading halt follows a media report that it is advanced talks to buy US rival Bemis, which has a market value of about $US4.20 billion.

Amcor share closed 0.3 per cent higher at $15.28 on Friday, with a market capitalisation of $17.69 billion, while Bemis shares jumped 11.27 per cent to $US51.53 in the US.

Reuters