SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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) January 2, 1997 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, Indiana 47305-2326 ------------------------------------------------- (Address of principal executive office) (Zip Code) Registrant's telephone number, including area code: (317) 747-6100 Ball Corporation Current Report on Form 8-K Dated January 17, 1997 Item 5. Other Events. On January 3, 1997, Ball Corporation announced that its Hong Kong subsidiary, FTB Packaging Limited, had completed the purchase of Lam Soon (Hong Kong) Limited's controlling interest in M.C. Packaging (Hong Kong) Limited on January 2, 1997. FTB paid approximately $73 million for Lam Soon's direct and indirect economic interest of approximately 30 percent and controls directly and indirectly approximately 51.2 percent of the voting rights of M.C. Packaging, a Hong Kong-based manufacturer of packaging products. Ball, through FTB, has made an offer for the outstanding public shares of M.C. Packaging, also at HK$2.80 per share. If all public shares are tendered, FTB, for a total consideration of approximately US$190 million will own, directly or indirectly approximately 74 percent of the economic interest of M.C. Packaging and will control all of the voting rights. The offer is expected to be completed in February 1997. Item 7. Financial Statements and Exhibits The following is filed as an Exhibit to this Report. Exhibit Number 99 Description Ball Announces Purchase of Lam Soon's Interest in M.C. Packaging. Ball Corporation Current Report on Form 8-K Dated January 17, 1997 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) Date: January 17, 1997 By: /s/ A. R. Schlesinger ----------------------------- A. R. Schlesinger Vice President and Controller Ball Corporation Current Report on Form 8-K Dated January 17, 1997 EXHIBIT INDEX Exhibit Description EX-99 Text of a press release disseminated by the registrant on January 3, 1997.