Subsequent Event

9 Months Ended

Oct. 02, 2011

Subsequent Event

Subsequent Event

20. Subsequent Event

On October 28, 2011, in a privately negotiated transaction, Ball entered into an accelerated share repurchase agreement to buy $100 million of its common stock using cash on hand and available borrowings. The company advanced the $100 million on November 2, 2011, and received 2,523,836 shares, which represented 90 percent of the total shares as calculated using the closing price on October 28, 2011. The final number of shares will be determined based on the volume-weighted average trading price of the company’s shares over an agreed upon period of time.