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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:31 EDTBERY, REXMYBerry Plastics offers to acquire Rexam's Healthcare C&C business for $135M
Berry Plastics Group (BERY) announced that it has entered into a definitive agreement to acquire the U.S., Mexico, and India portions of Rexam’s (REXMY) Healthcare Containers and Closures business. Berry Plastics has also made a binding offer to purchase the French portion of Rexam’s C&C business, which Rexam may accept after completion of the required consultation process with the works council in France. Upon completion of both transactions, Berry Plastics would pay approximately $135M for the entire Healthcare Containers and Closures business unit, with the closing expected to take place in the second calendar quarter of 2014. The company expects the acquisition, which will be funded from existing liquidity, to be deleveraging after achieving synergies. The Healthcare Containers and Closures business produces bottles, closures and specialty products for pharmaceutical and OTC applications. The transaction includes eight manufacturing locations - five in the United States and one each in Mexico, France, and India, with total employment of approximately 1,500 and 2013 sales of $262M.
News For BERY;REXMY From The Last 14 Days
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July 31, 2015
08:36 EDTBERYBerry Plastics raises FY15 free cash flow view to $400M from $350M
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08:35 EDTBERYBerry Plastics sees Q4 sales volumes 'consistent' with previous quarters
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08:33 EDTBERYBerry Plastics reports Q3 adjusted EPS 51c, consensus 52c
Reports Q3 revenue $1.24B, consensus $1.32B.
08:11 EDTBERYBerry Plastics to acquire AVINTIV for $2.45B
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08:06 EDTBERYBerry Plastics to acquire AVINTIV for approx. $2.45B in cash
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08:04 EDTBERYBerry Plastics to acquire AVINTIV for approx. $2.45B in cash
July 28, 2015
11:01 EDTREXMYBall Corp. holders approve issuance of approximately 32.3M new shares
Ball Corporation (BLL) shareholders approved the issuance of approximately 32.3M new shares of Ball common stock to Rexam PLC (REXMY) 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 portion of the purchase price. In addition to the Ball shareholder vote outcome, where 99.2% of the shares voted "For" the share issuance proposal, the acquisition is subject to regulatory and other customary approvals as well as approval by Rexam shareholders. The transaction is expected to close in the first half of 2016.
July 20, 2015
13:17 EDTREXMYBall Corp. enters Phase II review with EC regarding potential Rexam acquisition
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