AMC 0.49% $16.51 amcor plc

News: AMC Sonoco completes sale of rigid plastics blow molding operations to Amcor

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    Nov 7 (Reuters) - Amcor Ltd (AMC)

    • Sonoco completes sale of rigid plastics blow molding operations to Amcor
    • Sonoco Products Co says disposition of rigid plastics blow molding operations is expected to impact annual sales by approximately $205 million
    • Sonoco Products Co - reduction in sales due to sale expected to impact co's Q4 2016 and fy 2017 sales comparison by approximately $30 million and $175 million
    • Sonoco Products Co says disposition is not expected to notably affect operating margin percentages for company's consumer packaging segment
 
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