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US/UK: Ball Corp. to create world’s largest can manufacturer

By  |  February 19, 2015

Ball Corp will pay $ 6.8 billion to buy British rival Rexam Plc in a cash and stock deal would merge the world’s two largest beverage can makers by volume into a combined entity that could serve as a single supplier to customers across diverse markets.

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    The merger must still be approved by US and European Union regulators. The combined company would employ about 22,500 employees on five continents and have $15 billion in revenue.

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    “As there are so many regulatory approvals required for such a merger to go through, I think the market is discounting the probability of it happening,” said Thomas Picherit of research firm AlphaValue.

    Full Content: Reuters

     

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