Amcor Announces Acquisition Of Phoenix Flexibles; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Amcor has announced the acquisition of Phoenix Flexibles. The terms of the deal were not disclosed.
August 11, 2023 | 1:07 pm
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Amcor's acquisition of Phoenix Flexibles could potentially strengthen its market position. However, the undisclosed terms make it difficult to assess the immediate financial impact.
Acquisitions often lead to a strengthening of the acquiring company's market position, which can positively impact the stock price. However, without the financial terms of the deal, it's challenging to assess the immediate financial impact on Amcor.
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