Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. "If you want global supply and global prices, you need a Rexam plus Ball, because neither Rexam nor Ball individually are global," said Jefferies&...» Read More
Feb 5- British drinks can maker Rexam Plc said it is in talks to be bought by U.S. rival Ball Corp for 4.3 billion pounds, a deal that would form an industry giant better equipped to withstand rising aluminium costs. Rexam said it had received a proposal from Broomfield, Colorado- based Ball valuing it at 610 pence per share. Rexam's London- traded shares closed...
Feb 5- British beverage can maker Rexam Plc said it was in talks to be potentially bought by U.S. rival Ball Corp in an offer that values the company at about 4.29 billion pounds. The offer from Ball Corp, which like Rexam controls 21 percent of the global market for beverage cans, values the British firm at 610 pence per share, two thirds of which would be paid in cash.
Feb 5- Beverage can maker Rexam Plc said it was in talks to be potentially bought by U.S. rival Ball Corp in an offer that values the company at about 4.29 billion pounds. The offer from Ball Corp, which like Rexam controls about 21 percent of the market for beverage cans, values Rexam at 610 pence per share, a 36 percent premium to the stock close on Wednesday.
Feb 5- Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, rose as much as 12 percent after two UK newspapers reported there was market chatter about U.S. private equity firms' potential interest in the company. The Independent said on Thursday there were rumors that Rexam was a potential takeover target for U.S. private equity firms.
As China’s construction boom slows, steel mills across the country are scrambling to find ways to bolster profits, and one has hit on an unusual strategy: raising pigs. The FT reports.
Indonesian Trade Minister Gita Wirjawan told CNBC on Tuesday that Southeast Asia's largest economy was not adopting protectionist policies and was only following in the footsteps of other developed countries.
India's Tata Steel, the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins.
China's steelmakers have racked up $400 billion in debt, which some may struggle to repay, making them a potential drag on a banking sector already facing rising bad loans from the property sector and local governments.
Wendell Weeks, Corning CEO demonstrates the strength of its Gorilla Glass 2, which is 20% thinner than the original product, and discusses how it could generate profits for Corning. Also, the Fast Money traders weigh in with the play on the stock.
Will the glassmaker cash in on high LCD television and tablet demand this holiday season? Jim Flaws, Corning CFO, discusses.
The industry is at a unique point in history, where economic growth overseas, high energy costs, demand for commodities and better recovery technologies have converged to swell revenue.
With commodities prices high and global supply low, analysts are bullish on this ugly-duckling business.