(Reuters) - The effective acquisition cost of $1.57 billion, after excluding $260 million tax related charges, represents 2.1 times 2006 sales and 13.7 times 2006 underlying profit, Rexam said.
Rexam said it was placing new shares, amounting to 9.99 percent of its existing shares, to help fund the acquisition, which it expects to result in cost and revenue synergies of around $40 million per year by 2010.
Read more at Reuters.com Business News
Rexam said it was placing new shares, amounting to 9.99 percent of its existing shares, to help fund the acquisition, which it expects to result in cost and revenue synergies of around $40 million per year by 2010.
Read more at Reuters.com Business News
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