BRUSSELS, July 20- European Union antitrust regulators have opened an in-depth investigation into whether U.S. drinks can maker Ball Corp's 4.4 billion pound offer for Britain's Rexam Plc will lead to higher prices for companies and consumers. The deal, announced in February, would combine the world's two largest beverage can makers by volume, controlling...» Read More
Feb 19- British drinks can maker Rexam Plc said U.S. rival Ball Corp offered to buy the company in a cash-and-stock deal valued at about 4.43 billion pounds. Rexam said its shareholders will get 407 pence in cash and 0.04568 new Ball share for each Rexam share held, amounting to 628 pence per share. Ball Corp said in a statement that the deal valued Rexam at $8.4...
Feb 18- Beverage can maker Ball Corp is close to a deal to buy UK- based Rexam Plc this week, according to people familiar with the matter, the Wall Street Journal reported. Rexam said on Feb. 5 it was in talks with Ball Corp for a cash-and-stock deal that valued Rexam at 610 pence per share. Rexam and Ball Corp executives were not immediately available for comment.
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.