Corrugated packaging businesses merge.CORRUGATED cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. PACKAGING BUSINESSES MERGE. Anglo American plc Anglo American plc (LSE: AAL, JSE: ANGLO) is a world-wide group of companies, originally founded in South Africa as a mining enterprise but now extending into other areas. Natural resources remains the focus of its operations. , London, England, United Kingdom, has agreed to merge its corrugated packaging business, Mondi Packaging, with Bauernfeind's Corrugated Paper and Packaging business. Upon regulatory approval, the Bauernfeind Trust will receive approximately 5.3 million Anglo American shares American shares Securities certificates issued in the US by a transfer agent acting on behalf of the foreign issuer. The certificates represent claims to foreign equities. in exchange for that business valuing its equity contribution at Euro 94 million (US$ 115.6 million). |
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