Last Updated Friday, October 24 2014
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Rexam Completes Sale of Pharmaceutical Devices and Prescription Retail Packaging Divisions



Published May 9, 2014
Rexam PLC confirms that it has completed the sale of the Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare business to Montagu Private Equity for a total cash consideration of US$805 million, subject to customary closing adjustments.
 
As previously announced, following completion Rexam proposes to return £450m of the proceeds to shareholders by way of a B and C share scheme together with a share capital consolidation.


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