Can you believe it? Rexam share price jumps as board recommends takeover offer by Ball Corp The board of Rexam – supplier of quality can to the like of Red Bull and Carlsberg – has recommended a takeover by US rival Ball Corp. The offer comprises 407p in cash and 0.04568 of a new share in Ball, representing in aggregate 628p per Rexam ordinary share. It's thought to value Rexam at [...]
Rexam set to back £4.3bn takeover bid by rival can-maker Ball Rexam’s board is keen to finalise a £4.3bn buyout offer from rival can-maker Ball, City A.M. understands. Bosses are thought to see the merger as the next obvious step in building the business, giving the two giants even more scale. UK-based Rexam’s share price has doubled since chief executive Graham Chipchase took the reins in [...]
Competition authorities could weigh on Ball’s bid to buy out rival can firm Rexam The scale of the potential merger between can-making giants Rexam and Ball could lead to problems with competition regulators. US giant Ball is only slightly larger than FTSE 250 firm Rexam, and comprise the two largest businesses in the sector globally. The proposed £4.3bn buyout could make sense in extending Ball’s reach globally. [...]