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UK/US: Beverage can maker Ball Corp in £4.3bn takeover

By  |  February 11, 2015

British beverage can maker Rexam said it was in talks to be potentially bought by US rival Ball Corp in an offer that values the company at about 4.29 billion pounds.

“Discussions on other matters are continuing and there can be no certainty any formal offer will be forthcoming, or as to the terms of any offer,” Rexam said in a statement on Thursday. “A further announcement will be made when appropriate.”

Ball has been given a “put up or shut up” deadline of 5pm on 5 March to either announce a firm intention to make an offer or walk away.

Full Content: Euro News

 

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