Monday, June 11, 2007

Rexam to buy OI Plastics for $1.8 bln, place shares

(Reuters) - Rexam, the world's biggest can maker, said on Monday it would place 58.35 million new shares, or 9.99 percent of its existing share capital, to help pay for the deal. That would raise around 300 million pounds at Friday's closing price of 511-1/2 pence.




It is also raising 500 million euros equivalent through a bond issue, one of the banks managing the sale said.


Read more at Reuters.com Mergers News

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