Industry News, Mergers and Acquisitions, Printers News

Ball Shareholders Approve Share Issuance Proposal

Shareholders approve issuance of approximately 32.3 million new shares of Ball common stock to Rexam PLC shareholders.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ball Corporation shareholders approved the issuance of approximately 32.3 million new shares of Ball common stock to Rexam PLC shareholders as partial consideration for the proposed acquisition of Rexam. The new Ball shares will be issued at the closing of the proposed acquisition and, together with the 407 pence cash consideration, will be issued in exchange for the cancellation of each Rexam share outstanding at the time of closing. Committed financing is already in place to cover the cash por...

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