Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, February 5, 2015

BRIEF-Can maker Rexam confirms in takeover talks with Ball Corp, (NYSE: BLL)

Rexam Plc * Discussions on other matters are continuing and there can be no certainty any formal offer will be forthcoming* Proposal values Rexam at 610 pence per each Rexam share based on a consideration of approximately two thirds in cash and one third in new Ball shares* Notes recent media speculation and confirms that it is in discussions with Ball Corporation which may or may not lead to a formal offer being made for Rexam. Source text for Eikon: Further company coverage:

Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. Shares of BLL traded higher by 1.22% or $0.8/share to $66.15. In the past year, the shares have traded as low as $51.31 and as high as $70.50. On average, 881350 shares of BLL exchange hands on a given day and today's volume is recorded at 1355630.