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The board of drinks packaging group Rexam has agreed a £5.4bn takeover by US rival Ball Corporation, a much larger higher valuation than had been expected by the market. Rexam's management has unanimously recommended the 628p-per-share offer by New York-listed Ball, made up of 407p in cash and 0.045
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Feb 19 (Reuters) - British drinks can maker Rexam Plc said U.S. rival Ball Corp had made a cash-and-stock offer that valued the company at about 4.43 billion pounds ($6.85 billion). Rexam, which makes cans for Coca-Cola and RedBull, said under the 628 pence per share offer, its shareholder
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US packaging giant Ball is closing in on a deal to buy sector peer Rexam, in a move that would give see it become the world's largest can maker. According to sources cited by MarketWatch, the Colorado-based company and Rexam could be announced by the end of the week. Earlier in February, the group
Read moreFeb 18 (Reuters) - Beverage can maker Ball Corp is close to a deal to buy UK-based Rexam Plc this week, according to people familiar with the matter, the Wall Street Journal reported. Rexam said on Feb. 5 it was in talks with Ball Corp for a cash-and-stock deal that valued Rexam at 610 penc
Read more-- Source link: (http://on.wsj.com/1AlI6cQ) -- Note: Reuters has not verified this story and does not vouch for its accuracy
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