Neenah, Wisconsin, USA, 22 July 2009 -- Bemis Company, Inc. (NYSE: BMS) announced today that the public offering of 7,700,000 shares of its common stock has priced at USD 26.00 per share. The offering includes a 30-day option for the underwriters to purchase up to an additional 1,155,000 shares to cover over-allotments, if any.
Bemis will use the net proceeds from the offering to partially finance the USD 1.2 billion purchase price of its proposed acquisition of the Food Americas operations of Alcan Packaging, a business unit of international mining group Rio Tinto plc.
Bemis has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the equity offering to which this communication relates. A final prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan, and Wells Fargo Securities are acting as the joint book-running managers for the offering.
A copy of the preliminary prospectus supplement and related base prospectus may be obtained by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the prospectus relating to the offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attention: Prospectus Department; J.P. Morgan Securities Inc., National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245 at 718-242-8002; or Wells Fargo Securities, Attn: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152 at 800-326-5897 or email a request to email@example.com.
Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide. Founded in 1858, the company reported 2008 net sales of USD 3.8 billion. The company's flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing, and converting. The company's pressure sensitive materials business specializes in adhesive technologies. Headquartered in Neenah, Wisconsin, Bemis employs about 15,800 individuals in 61 manufacturing facilities in 11 countries around the world.