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02.04.2014 17:45:00
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Ball Corporation -- Moody's: Ball's accelerated stock repurchase does not change ratings
New York, April 02, 2014 -- On March 4, 2014, Ball Corporation ("Ball") announced that it agreed to repurchase approximately $100 million of its outstanding common stock in a privately negotiated accelerated stock repurchase transaction with Barclays Bank PLC. The company used cash on hand and available borrowings to fund the repurchase. The transaction reduced Ball's outstanding common stock by about 1.8 million shares.
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