# Lankem Ceylon gains control of ACME Printing & Packaging via mandatory offer

Lankem Ceylon PLC and related parties raised their stake in ACME Printing & Packaging PLC from 33.43% to 88.27% after a mandatory offer at Rs.12 per share closed on 24 November 2021, making Lankem the controlling shareholder.

- Type: Acquisition
- Announced: 2021-12-06
- Where: Sri Lanka
- Status: completed
- Products: printing and packaging

## Companies

- [Lankem Ceylon PLC](https://endata.com/companies/8669.md) (acquirer)
- [ACME Printing & Packaging PLC](https://endata.com/companies/8670.md) (target)
- [E.B. Creasy & Company PLC](https://endata.com/companies/8671.md) (partner)

## Sources

- [dailymirror.lk](https://www.dailymirror.lk/business-news/Lankem-gains-control-of-ACME-Printing-Packaging-in-mandatory-offer/273-226250), 2021-12-06: "Lankem Ceylon PLC and related parties have been able to increase their ownership stake in ACME Printing & Packaging PLC (ACME) by 53.30 percent to 88.27 percent"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.