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BUZZ-Rexam: jumps on $6.85 bln Ball Corp offer

Thu, 19th Feb 2015 08:25

** British drinks can maker Rexam jumps 6.4 pct, aftersaying U.S. rival Ball Corp offered to buy the companyin a cash-and-stock deal valued at about 4.43 bln pounds ($6.85bln)

** Stock up 23 pct YTD, easily one of the most activelytraded stock on FTSE 250

** Rexam said its shareholders will get 407 pence in cashand 0.04568 new Ball share for each Rexam share held, amountingto 628 pence per share.

** The offer was at a 17 pct premium to Rexam's Wednesdayclose. Ball's shares closed at $77.16 on Wednesday. (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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