Ball Corp. (BLL) announced Wednesday morning that it signed a definitive agreement to acquire four Anheuser-Busch InBev packaging plants in the U.S. for $577 million. The deal is expected to close at the end of the year or early in the first quarter of 2010 and be accretive to Ball's earnings and cash flow in 2010.
Ball Corp. gapped up sharply Wednesday and climbed during the first hour of trade. The stock gave back some of its gains around the middle of the morning and finished higher by $2.69 at $47.85 on above average volume. Shares have been gaining ground for over a week and closed at over an 11-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.