Archives for June 24, 2007

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Ardagh takes over Rexam's glass business

By  Ahmed ElAmin

Rexam has completed its divestment of its European glass packaging business and is now preparing for its takeover of Owens-Illinois' plastics division.

Investor Peltz takes stake in Kraft

By  Charlotte Eyre

US activist investor Nelson Peltz has bought a 3 per cent stake in Kraft Foods, giving him some control over the food company's future.