Wednesday 18 February 2015

A can of worms - part 4

It sounds like Ball Corporation is about to announce a recommended £4.3 billion plus takeover offer for can maker Rexam.

Well today, at least, I had been hearing from top sources that a big transatlantic deal is set to be announced tomorrow morning. So, it didn't take long to work out it could be Ball making a formal offer for Rexam.

For readers that don't recall, Rexam said on February 5 that it had received a 610p a share approach from Ball. Here is a link:

One deal to look out for tomorrow morning then...

Rexam declined to comment.

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