UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 26, 1995
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BALL CORPORATION
(Exact name of registrant as specified in its charter)
Indiana
(State or other jurisdiction of incorporation)
1-7349 35-0160610
(Commission File Number) (IRS Employer Identification No.)
345 South High Street, Muncie, IN 47307-0407
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (317) 747-6100
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BALL CORPORATION
FORM 8-K
Dated July 6, 1995
Item 5. Other Events.
On June 26, 1995, Ball Corporation and Compagnie de Saint-Gobain announced their
agreement to form a new jointly-owned company in the U.S. which will acquire the
glass manufacturing operations of both Ball Glass Container Corporation, a
wholly owned subsidiary of Ball Corporation, and the Foster-Forbes glass
operations of American National Can, a unit of Pechiney, S.A. Ball expects to
receive cash in excess of $125 million and hold a 42 percent interest in the
combined entity while Saint-Gobain will hold the other 58 percent interest and
will provide a guaranty in support of the acquisition financing and an operating
line of credit. Upon closing of the transaction, which is expected prior to
December 31, 1995, Ball estimates that a charge will be required of up to $75
million after tax or $2.50 per share. The actual amount of the charge may vary
depending upon the resolution of certain matters relating to the transaction.
The closing is subject to certain regulatory and other approvals.
Copies of the press releases issued by Ball announcing the action are attached
hereto as Exhibits 99.1 and 99.2 and are incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release dated June 26, 1995 issued by Ball Corporation
99.2 Press Release dated June 26, 1995 issued by Ball Corporation,
Compagnie de Saint-Gobain and American National Can
See Exhibit Index.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BALL CORPORATION
(Registrant)
By: /s/ R. David Hoover
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R. David Hoover
Senior Vice President and
Chief Financial Officer
Date: July 6, 1995
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BALL CORPORATION
FORM 8-K
Dated July 6, 1995
EXHIBIT INDEX
Exhibit Description
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EX-99.1 Text of a press release disseminated by the registrant on
June 26, 1995.
EX-99.2 Text of a press release disseminated by the registrant,
Saint-Gobain and American National Can on June 26, 1995.