Ball Corporation and Platinum Equity to form a joint venture 'Ball Metalpack' [Seeking Alpha]
Ball Corporation (BLL)
Last ball corporation earnings: 2/6 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
ball.com/na/about-ball/investors
Company Research
Source: Seeking Alpha
Ball Corporation (NYSE: BLL ) to contribute its U.S. steel food and aerosol packaging manufacturing assets to the joint venture 'Ball Metalpack'. Platinum Equity will own 51 percent of Ball Metalpack and Ball Corporation will receive more than $600M in pre-tax proceeds from the transaction and will retain a 49 percent interest in Ball Metalpack, for a total value of ~$675M. Jim Peterson, who currently manages those assets, will act as CEO of the joint venture. John A. Hayes, chairman, president and CEO said, This agreement enhances our ability to immediately return additional value to shareholders via share repurchases, reduce Ball's leverage and grow EVA dollars. More than half of the proceeds from today's announcement will be used to repurchase stock, increasing the 2018 share buyback to be in the range of $675 million by year end. Our 2019 financial goals of $2 billion of comparable EBITDA and free cash flow in excess of $1 billion remain unchanged, although they wi
Show less
Read more
Impact Snapshot
Event Time:
BLL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BLL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BLL alerts
High impacting Ball Corporation news events
Weekly update
A roundup of the hottest topics