Market Currents

• Tuesday, August 18, 2009

• 05:31 AM As expected, Amcor (AMCRY.PK) will buy part of Rio Tinto's (RTP) Alcan packaging unit for $2.03B, becoming the largest supplier of drug packaging and hopefully ending two years of falling profits. Amcor will finance the deal through a $1.3B share sale and bank debt. RTP +3.4% premarket. Comment!

• Sunday, August 16, 2009

• 17:46 PM Amcor (AMCRY.PK) is set to unveil a A$2.4B acquisition of Rio Tinto's (RTP) Alcan Packaging as early as Monday. Deutsche Bank (DB), UBS (UBS), Merrill (BAC) and JPMorgan (JPM) will help Amcor raise A$1.6B in an equity offering. 1 Comment

• Wednesday, July 8, 2009

• 07:43 AM Australian packaging group Amcor (AMCRY.PK) is reportedly nearing an agreement to buy some of Rio Tinto's (RTP) assets in a deal that could be valued at up to $2.4B. Comment!