Amcor Plc has been the center of several investment discussions recently. Its
shares (NYSE: AMCR) have been sold by Franklin Resources Inc., yet it has remained a favorite among institutional investors, owning 63-65% of the company. Classified as a
high-dividend stock under $10, it has been considered as a big buy after a recent dip. Analysts have highlighted its potential undervaluation and impressive
ROE against the average, affirming it as a great buy within the consumer cyclical dividend stocks. There is also significant
insider buying happening. However, some consider it as one of the worst affordable stocks to buy under $10. Its subsidiary priced a substantial $2.2B senior notes offering. The company and Berry Global received antitrust clearance for their combination, leading Amcor towards a substantial buyout. Some insiders have heavily invested in the shares, and the CEO even purchased $1 million worth. An investigation whether the merger is fair to shareholders is underway. The dividend will be $0.1275, and future earnings are a cause of investor expectation. The company announced consent solicitation for Berry's Outstanding notes and a potential to structure around two businesses after the merger closure.
Amcor Plcs AMCR News Analytics from Mon, 29 May 2017 04:31:08 GMT to Sat, 12 Apr 2025 09:12:48 GMT -
Rating 7
- Innovation -5
- Information 5
- Rumor -6
