Davis Polk is advising Greenhill as lead financial adviser to Ball Corporation on its £4.3 billion takeover of Rexam plc, to be effected by means of a scheme of arrangement. Under the terms of the offer, which is subject to both an antitrust pre-condition and customary offer conditions, Rexam shareholders will receive a mixture of cash and new shares in Ball Corporation. Following completion of the transaction, Rexam shareholders are expected to hold approximately 19% of the combined group.

Ball Corporation is one of the world’s leading suppliers of metal packaging to the beverage, food, personal care and household products industries. The company was organized in 1880 and incorporated in the state of Indiana, United States, in 1922. Ball Corporation’s packaging products are produced for a variety of end uses and are manufactured in facilities around the world. Ball Corporation also provides aerospace and other technologies and services to governmental and commercial customers within its aerospace and technologies segment. Ball Corporation is listed on the New York Stock Exchange and headquartered in Broomfield, Colorado, USA and has over 14,500 employees worldwide. Rexam plc is a leading global beverage can maker. Rexam makes approximately 64 billion cans a year covering a broad range of can sizes, which are used for products such as carbonated soft drinks, beer, energy drinks and other drinks categories. With headquarters in London, United Kingdom, Rexam is listed on the London Stock Exchange and is a constituent member of the FTSE 250 Index.

The Davis Polk corporate team includes partners Nick Benham, Will Pearce and John H. Butler and associates Aaron Ferner and Rashna Bhojwani. Members of the Davis Polk team are based in the London and New York offices.

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