Rexam: Statement Regarding Media Speculation

Date: 11 June 2007
Source: Rexam

Date: 11 June 2007

Further to speculation in the media this morning, the Board of Rexam, the global consumer packaging company and the world's leading beverage can maker, confirms it is in discussions with Owens Illinois Inc. (“OI”) which may, or may not, lead to the acquisition of OI’s plastics division.

An acquisition, if agreed, would only occur on conditions which meet Rexam’s investment returns criteria and is likely to be funded from a combination of its Glass disposal proceeds, debt and an element of equity.



A further announcement will be made in due course if required.

600450 Rexam: Statement Regarding Media Speculation glassonweb.com

See more news about:

Others also read

MORE...

Interim Management Statement
Rexam PLC, the global consumer packaging company, today issues its interim management statement for the period from 1 July 2010.
Rexam ADRs To Trade On The US Over-the-Counter Market
Rexam, the global consumer packaging company, confirms that its American Depositary Receipts (ADRs) will commence trading as a Level 1 ADR Over-the-Counter Program as of today under the symbol REXMY.
Further re acquisition of Rostar
Rexam, the global consumer packaging company and the world's leading beverage can maker, confirms that it has been informed that its application for clearance of the proposed acquisition of Rostar, the Russian beverage can maker, announced in early July 2007, has been rejected by the Russian Federal Antimonopoly Service (FAS).
Rexam Completes Acquisition Of O-I Plastics
Rexam, the global consumer packaging group and the world’s leading beverage can maker, is pleased to announce that it has completed the acquisition of O-I Plastics which was initially announced on 11 June 2007.
Rexam: Challenging Half Year – Now Well Positioned For Future Growth
Rexam, the global consumer packaging company and  beverage can maker, announces its results for the six months to 30 June 2007.
Rexam Acquires Russian Beverage Can Maker For US$297m
Rexam, the global consumer packaging company and the beverage can maker, is pleased to announce that it has agreed to acquire Rostar, the Russian beverage can maker, from En+ Group Limited, the parent of Rusal, the Russian aluminium group, for a total cash consideration of US$297m (£149m), including borrowings assumed.

Add new comment