Ball Corp. increases quarterly dividend 30% to 13c Ball Corporation's board of directors increased the company's quarterly cash dividend by 30% to 13 cents per share. The cash dividend is payable March 15 to shareholders of record on March 1.
Ball 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.