BUZZ-Rexam: jumps on $6.85 bln Ball Corp offer
** British drinks can maker Rexam (LSE: REX.L - news) jumps 6.4 pct, after saying U.S. rival Ball Corp (NYSE: BLL - news) offered to buy the company in a cash-and-stock deal valued at about 4.43 bln pounds ($6.85 bln)
** Stock up 23 pct YTD, easily one of the most actively traded stock on FTSE 250
** 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.
** The offer was at a 17 pct premium to Rexam's Wednesday close. Ball's shares closed at $77.16 on Wednesday. (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)