Stocks to Watch Amcor Ltd (AMC)

Amcor Ltd (AMC) is a leading global packaging solutions provider, supplying a range of plastic, fibre, metal and glass packaging products.

Recently, AMC announced that it will purchase the assets of Ball Plastics Packaging from US-based Ball Corporation, for a consideration of US$280 million.

In terms of stocks to watch, AMC expects the acquisition to improve operating efficiencies, and achieve synergies once the businesses integrate.

The acquisition is also expected to generate operating earnings of US$105 million from year three.

If the acquisition is successful, it will not only create the abovementioned synergies, but can expand AMC’s foothold in the US market.  Therefore, it may be considered as one the longer term shares to buy.

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