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"As part of Amcor's consideration of this potential transaction, it is considering all its funding options," the company said in response to an inquiry from the Australian Securities Exchange about its stock's 12% gain from July 3 to Thursday's high of A$5.21.
"Amcor believes that it is possible that the market has been speculating that Amcor is considering an equity raising to partially fund the possible acquisition of part, but not all, of the Alcan Packaging businesses," it said.
The company said that speculation had increased with Rio Tinto's announcement it had entered into an agreement to sell the food packaging assets to Bemis Co.
-By Andrew Harrison, Dow Jones Newswires; 61-3-9292-2095; andrew.harrison@dowjones.com
(END) Dow Jones Newswires
07-09-09 1914ET
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