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Stock Market & Financial Investment News

News Breaks
July 25, 2014
05:49 EDTREXMYRexam downgraded to Hold from Buy at Jefferies
News For REXMY From The Last 14 Days
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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.

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