Business News
Bemis Announces Common Stock Offering
Tuesday 21. July 2009 - Bemis Company, Inc. (NYSE: BMS) announced today that it is commencing a public offering of 7,500,000 shares of its common stock pursuant to a shelf registration statement on Form S-3 filed today with the Securities and Exchange Commission ("SEC").
The Company will grant the underwriters an option for 30 days to purchase up to 1,125,000 additional shares of common stock to cover over-allotments, if any. The Company plans to use the net proceeds from the equity offering to fund a portion of the purchase price for its previously announced acquisition of Alcan Packaging Food Americas, a business unit of Rio Tinto plc.
BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities will act as joint book-running managers of the equity offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the prospectuses relating to offerings meeting the requirements of Section 10 of the Securities Act of 1933, as amended, 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; 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 equity.syndicate@wachovia.com.
Forward Looking Statements
Statements in this release that are not historical, including statements relating to the expected future performance of the Company, are considered “forward-looking” and are presented pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such content is subject to certain risks and uncertainties, including but not limited to future changes in cost or availability of raw materials, consumer buying patterns under certain economic conditions, changes in customer order patterns, the results of competitive bid processes, costs associated with the pursuit of business combinations (pursuant to SFAS No. 141R), unexpected costs associated with completing the acquisition, a failure in our information technology infrastructure or applications, foreign currency fluctuations, changes in working capital requirements, and the availability and related cost of financing from banks and capital markets. Actual future results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors which are detailed in the Companys regular SEC filings including the most recently filed Form 10-K for the year ended December 31, 2008.
Additional information concerning some of the factors that could cause materially different results is included in the Companys reports on forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission. Such reports are available from the Securities and Exchange Commissions public reference facilities and its website, Bemis investor relations department, and Bemis website.