Aug 6, 2018

Amcor buying Wisconsin packager Bemis for $5.25 billion

Photo by Fairfax Media/Fairfax Media via Getty Images

Amcor, an Australian plastic packaging company, has agreed to buy Wisconsin-based rival Bemis for $5.25 billion in stock (12% premium to Friday's closing price).

Why it's a big deal: Because consolidation is the name of the game right now in packaging, due primarily to rising costs.

Bottom line: "Amcor generated sales of $9.1 billion last year servicing sectors ranging from food and beverages to pet care. The company, whose founding dates back to the 1860s, has grown into a global packaging giant employing more than 35,000. By acquiring Bemis, Amcor could bolster its offerings of so-called rigid plastic packaging." — Dana Mattioli & Ben Dummett, WSJ

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Debate night: Democrats fight for make-or-break moments in Nevada

Photo: Ethan Miller/Getty Images.

Billionaire Michael Bloomberg is gearing up to defend his wealth to his Democratic competitors in his debate debut, while Sen. Bernie Sanders, a front-runner, faces comparisons to President Trump over his populist appeals, as the ninth Democratic debate gets underway in Las Vegas just days before the Nevada caucuses.

What's happening: The candidates are discussing transparency relating to medical records and tax records. Questions have been raised about both Sanders' and Bloomberg's health, both of whom are 78-years-old. Sanders had a heart attack last year and has shared some medical reports, but says he will not release further records. Bloomberg also had heart surgery in 2000.

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Warren launches at Bloomberg: We can't "substitute one arrogant billionaire for another"

Bloomberg in Las Vegas, Nevada on Feb. 19. Photo: Bridget Bennett/AFP via Getty Images

Sen. Elizabeth at Wednesday's Democratic debate painted New York Mayor Michael Bloomberg as the same kind of racist and sexist that Democrats have repeatedly accused President Trump of being.

What she's saying: "I'd like to talk about who we're running against. We're talking about a billionaire who calls women fat broads and horse-faced lesbians. And no, I'm not talking about Donald Trump, I'm talking about Mayor Bloomberg."

Exclusive: Facebook weighs in on Bloomberg's social media tactics

Photo: Spencer Platt/Getty Images

Facebook says that paid political campaign staffers are allowed to post content supporting the candidate they work for, so long as those employees "make an effort" to disclose their ties to the campaign.

Yes, but: Facebook will not take down content posted by a campaign staffer that endorses a candidate they work for if they do not disclose the relationship, a spokesperson tells Axios. That's because there's no clear guidance from regulators about whether or not this type of paid relationship violates campaign finance rules.