8-K: Current report filing
Published on January 17, 1997
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
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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
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(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
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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.