Ball Corp. In Buyout Talks With Rexam - Quick Facts

(RTTNews) - Ball Corp. (BLL) announced Thursday that it is in discussions concerning a possible acquisition of beverage can maker Rexam Plc. (REX.L, REXMY.PK). The proposed transaction includes a combination of cash and equity.

There is no certainty any formal offer will be made for Rexam PLC, nor as to the terms on which any offer may be made, Ball Corp said.

Earlier today, Rexam also confirmed that it is in discussions with Ball Corp. (BLL), which may or may not lead to a formal offer being made for Rexam. The proposal values Rexam at 610 pence per each Rexam share based on a consideration of about two thirds in cash and one third in new Ball shares.