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Can maker Rexam gets $6.85 bln offer from US rival Ball

Reuters - UK Focus

Feb 19 (Reuters) - British drinks can maker Rexam Plc (LSE: REX.L - news) said U.S. rival Ball Corp (NYSE: BLL - news) had made a cash-and-stock offer that valued the company at about 4.43 billion pounds ($6.85 billion).

Rexam, which makes cans for Coca-Cola and RedBull, said under the 628 pence per share offer, its shareholders would get 407 pence in cash and 0.04568 of a new Ball share for every Rexam share. ($1 = 0.6470 pounds) (Reporting by Esha Vaish in Bengaluru; Editing by Gopakumar Warrier)