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) April 22, 1998
BALL CORPORATION
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(Exact name of registrant as specified in its charter)
Indiana
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(State or other jurisdiction of incorporation)
1-7349 35-0160610
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(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: (765) 747-6100
Ball Corporation
Current Report on Form 8-K
Dated April 27, 1998
Item 5. Other Events.
On April 23, 1998, Ball Corporation, an Indiana corporation (the "Company"),
entered into an agreement with Reynolds Metals Company, a Delaware corporation
("Reynolds"), to acquire essentially all of Reynolds' global aluminum beverage
can manufacturing business for a total purchase price of approximately $820
million. The purchase price of the transaction will be paid in cash and, at
Ball's option, up to $100 million of Ball common stock to acquire all of
Reynolds' North American beverage can manufacturing assets, which consist
largely of 16 plants in 12 states and Puerto Rico, as well as Reynolds'
approximate one-third interest in Latas de Aluminio, S.A. - LATASA ("Latasa"), a
Brazilian company which operates beverage can plants in Argentina, Brazil and
Chile. The acquisition is subject to antitrust approval, transaction financing
and refinancing of existing Ball debt and other customary closing conditions.
Additionally, the acquisition by Ball of Reynolds' interest in Latasa is subject
to certain third-party consents. The Company issued a press release with respect
to the transaction on April 23, 1998, a copy of which is included as an exhibit
hereto and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
The following is filed as an Exhibit to this report.
Exhibit Number 99
Description
Text of Press release disseminated by the Registration on April 23, 1998.
Ball Corporation
Current Report on Form 8-K
Dated April 27, 1998
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: April 27, 1998 By: /s/ A. R. Schlesinger
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A. R. Schlesinger
Vice President and Controller
Ball Corporation
Current Report on Form 8-K
Dated April 27, 1998
EXHIBIT INDEX
Exhibit Description
EX-99 Text of a press release disseminated by the registrant on April 23,
1998.