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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.

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.

“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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