A can of worms - part 5

Quelle surprise! Ball Corporation and Rexam have just announced a £4.3 billion recommend takeover offer. Here are the details from their announcement:

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.

A can of worms - part 3

Bankers are clambering all over of this £4 billion Rexam takeover deal.

I hear Credit Suisse and Bank of America Merrill Lynch have just been "restricted" from publishing equity research on Rexam, which typically means these banks have been retained as advisers on the deal.

A can of worms - part 2

Many apologies to Oscar Williams Grut, the stock market reporter over at The Independent and Evening Standard.

He, too, had the Rexam story in his stock market report this morning. Here is the link: http://www.independent.co.uk/news/business/sharewatch/market-report-arm-holdings-tops-bluechip-index-10024898.html