Ball Corporation to Acquire Rexam PLC for $5.7 Billion in Cash and Shares.

Ball Corporation, a US-based packaging company, has agreed to acquire Rexam PLC, a UK-based packaging company, in a recommended cash and share offer. The Boards of both companies have approved the deal, which is subject to regulatory approvals and Rexam shareholder approval. The acquisition is expected to create a global packaging leader with a combined value of approximately $15 billion.