Bemis Company, Inc. and Subsidiaries Unaudited Pro Forma Combined Condensed Financial InformationSale and Purchase Agreement • July 20th, 2009 • Bemis Co Inc • Converted paper & paperboard prods (no contaners/boxes)
On July 5, 2009, Bemis Company, Inc. (“Bemis”) entered into a Sale and Purchase Agreement (the “Agreement”) with certain subsidiaries of Rio Tinto plc (the “Sellers”), pursuant to which Bemis agreed to acquire the food packaging business and certain related assets of the Sellers located in the United States, Canada, Argentina, Brazil, Mexico, and New Zealand (“Food Americas”) for approximately $1.2 billion (the “Acquisition”). The completion of the Acquisition is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), and the receipt of approval under the Mexican Federal Law on Economic Competition. The Acquisition is intended to be financed with a combination of approximately $1.0 billion in debt and $200 million in equity.
