24.
Earnings per Common Share The computations of basic and diluted earnings (loss) per common share are as follows:
## Table 0 ##
(1) Diluted shares used in this calculation represent basic shares due to the net loss.
The use of actual diluted shares would result in anti-dilution.
Basic weighted average common shares for the years ended December 31, 2008, 2007 and 2006 included 2.1 million, 1.6 million and 1.7 million, respectively, of vested, nonforfeitable restricted stock units and 3.1 million, 3.5 million and 3.7 million, respectively, of non-vested restricted stock awards and restricted stock units that are forfeitable but receive nonforfeitable dividends.
Potentially dilutive securities include nonqualified stock options and other share-based awards.25.
Shareholders’ Equity The Company has a share repurchase program in place to return excess capital to shareholders.
During the twelve months ended December 31, 2008, 2007 and 2006 the Company repurchased a total of 12.7 million, 15.9 million and 10.7 million shares, respectively, of its common stock at an average price of $48.26, $59.59 and $44.12, respectively.
As of December 31, 2008, the Company had approximately $1.3 billion remaining under a share repurchase authorization.
In light of the current market environment, the Company has temporarily suspended its stock repurchase program.
The Company may also reacquire shares of its common stock under its 2005 ICP related to restricted stock awards.
Restricted shares that are forfeited before the vesting period has lapsed are recorded as treasury shares.
In addition, the holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligations.
These vested restricted shares reacquired by the Company and the Company’s payment of the holders’ income tax obligations are recorded as a treasury share purchase.
The restricted shares forfeited under the 2005 ICP and recorded as treasury shares were 0.3 million shares in each of the years ended December 31, 2008, 2007 and 2006.
For the years ended December 31, 2008 2007 and 2006, the Company reacquired 0.5 million, 0.5 million and 0.4 million shares, respectively, of its common stock through the surrender of restricted shares upon vesting and paid in the aggregate $24 million, $29 million and $20 million, respectively, related to the holders’ income tax obligations on the vesting date.
During the twelve months ended December 31, 2008, the Company reissued 1.8 million treasury shares for restricted stock award grants and the issuance of shares vested under the P2 Deferral Plan and the Transition and Opportunity Bonus (‘‘T&O Bonus’’) program.
In 2005, the Company awarded bonuses to advisors under the T&O Bonus program which were converted to 2.0 million share-based awards under the 2005 ICP.
The awards had all been issued as of December 31, 2008.26.
Segment Information The Company’s five segments are Advice & Wealth Management, Asset Management, Annuities, Protection and Corporate & Other.
Each segment records revenues and expenses as if they were each a stand-alone business using the Company’s transfer pricing methodology.
Transfer pricing uses rates that approximate market-based arm’s length prices for specific services provided.
The Company reviews the transfer pricing rates periodically and makes appropriate adjustments to ensure the transfer pricing rates that approximate arm’s length market prices remain at current market levels.
Costs related to shared services are allocated to segments based on their usage of the services provided.
Asset Management Our Asset Management segment provides investment advice and investment products to retail and institutional clients.
The following table presents the results of operations of our Asset Management segment for the years ended December 31, 2008 and 2007:
## Table 1 ##
Our Asset Management segment pretax income was $77 million in 2008, down $230 million, or 75%, from $307 million in 2007.
Net revenues Net revenues decreased $473 million, or 27%, in 2008 to $1.3 billion compared to net revenues of $1.8 billion in 2007.
Management and financial advice fees decreased $285 million, or 21%, to $1.1 billion compared to $1.4 billion in 2007 primarily due to a decrease in total managed assets excluding wrap account assets of $83.2 billion during 2008, negative market impacts and lower Threadneedle hedge fund performance fees.
RiverSource managed assets were $127.9 billion in 2008 compared to $156.3 billion in 2007.
The decrease in RiverSource managed assets of $28.4 billion was due to market depreciation of $28.8 billion and net outflows of $12.9 billion, partially offset by a $12.8 billion increase in managed assets due to the acquisition of Seligman in the fourth quarter of 2008.
Threadneedle managed assets were $74.2 billion in 2008 compared to $134.4 billion in 2007.
The decrease in Threadneedle managed assets of $60.2 billion was due to a decrease of $28.6 billion related to changes in foreign currency exchange rates, net outflows of $15.8 billion and market depreciation of $19.8 billion.
Distribution fees decreased $75 million, or 23%, to $247 million in 2008 compared to $322 million in 2007 primarily due to decreased mutual fund sales volume and lower 12b-1 fees driven by flows and negative market impacts.
Net investment income decreased $61 million from $48 million in 2007 to a net investment loss of $13 million in 2008 primarily due to losses related to changes in fair value of seed money investments driven by the declining market, as well as the deconsolidation of a collateralized debt obligation (‘‘CDO’’) in the fourth quarter of 2007, which is offset in banking and deposit interest expense.
Other revenues decreased $65 million from $50 million in 2007 to a loss of $15 million in 2008 primarily due to decreases in revenue related to certain consolidated limited partnerships, which had a corresponding decrease in expense.
Other revenues in 2008 included $36 million from the sale of certain operating assets.
Other revenues in 2007 included $25 million of additional proceeds related to the sale of our defined contribution recordkeeping business in 2006, as well as an $8 million gain from the sale of certain Threadneedle limited partnerships.
Ball Corporation and Subsidiaries Notes to Consolidated Financial Statements 3.
Acquisitions Latapack-Ball Embalagens Ltda.
(Latapack-Ball) In August 2010, the company paid $46.2 million to acquire an additional 10.1 percent economic interest in its Brazilian beverage packaging joint venture, Latapack-Ball, through a transaction with the joint venture partner, Latapack S. A.
This transaction increased the company’s overall economic interest in the joint venture to 60.1 percent and expands and strengthens Ball’s presence in the growing Brazilian market.
As a result of the transaction, Latapack-Ball became a variable interest entity (VIE) under consolidation accounting guidelines with Ball being identified as the primary beneficiary of the VIE and consolidating the joint venture.
Latapack-Ball operates metal beverage packaging manufacturing plants in Tres Rios, Jacarei and Salvador, Brazil and has been included in the metal beverage packaging, Americas and Asia, reporting segment.
In connection with the acquisition, the company recorded a gain of $81.8 million on its previously held equity investment in Latapack-Ball as a result of required purchase accounting.
The following table summarizes the final fair values of the Latapack-Ball assets acquired, liabilities assumed and noncontrolling interest recognized, as well as the related investment in Latapack S. A. , as of the acquisition date.
The valuation was based on market and income approaches.
## Table 2 ##
The customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years.
The intangible asset is being amortized on a straight-line basis.
Neuman Aluminum (Neuman) In July 2010, the company acquired Neuman for approximately $62 million in cash.
Neuman had sales of approximately $128 million in 2009 (unaudited) and is the leading North American manufacturer of aluminum slugs used to make extruded aerosol cans, beverage bottles, aluminum collapsible tubes and technical impact extrusions.
Neuman operates two plants, one in the United States and one in Canada, which employ approximately 180 people.
The acquisition of Neuman is not material to the metal food and household products packaging, Americas, segment, in which its results of operations have been included since the acquisition date.
Guangdong Jianlibao Group Co. , Ltd (Jianlibao) In June 2010, the company acquired Jianlibao’s 65 percent interest in a joint venture metal beverage can and end plant in Sanshui (Foshan), PRC.
Ball has owned 35 percent of the joint venture plant since 1992.
Ball acquired the 65 percent interest for $86.9 million in cash (net of cash acquired) and assumed debt, and also entered into a long-term supply agreement with Jianlibao and one of its affiliates.
The company recorded equity earnings of $24.1 million, which was composed of equity earnings and a gain realized on the fair value of Ball’s previous 35 percent equity investment as a result of required purchase accounting.
The purchase accounting was completed during the third quarter of 2010.
The acquisition of the remaining interest is not material to the metal beverage packaging, Americas and Asia, segment.

<table><tr><td> </td><td colspan="3"> Years Ended December 31,</td></tr><tr><td> </td><td>2008</td><td> 2007</td><td> 2006</td></tr><tr><td> </td><td colspan="3"> (in millions, except per share amounts) </td></tr><tr><td> Numerator:</td><td></td><td></td><td></td></tr><tr><td>Net income (loss)</td><td>$-38</td><td>$814</td><td>$631</td></tr><tr><td> Denominator:</td><td></td><td></td><td></td></tr><tr><td>Basic: Weighted-average common shares outstanding</td><td>222.3</td><td>236.2</td><td>246.5</td></tr><tr><td>Effect of potentially dilutive nonqualified stock options and other share-based awards</td><td>2.6</td><td>3.7</td><td>2.0</td></tr><tr><td>Diluted: Weighted-average common shares outstanding</td><td>224.9</td><td>239.9</td><td>248.5</td></tr><tr><td> Earnings (loss) per common share:</td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>$-0.17</td><td>$3.45</td><td>$2.56</td></tr><tr><td>Diluted</td><td>$-0.17 (1)</td><td>$3.39</td><td>$2.54</td></tr></table>
<table><tr><td> </td><td colspan="2"> Years Ended December 31,</td><td></td><td></td></tr><tr><td> </td><td>2008</td><td> 2007</td><td colspan="2">Change</td></tr><tr><td> </td><td colspan="4">(in millions, except percentages)</td></tr><tr><td> Revenues</td><td></td><td></td><td></td><td></td></tr><tr><td>Management and financial advice fees</td><td>$1,077</td><td>$1,362</td><td>$-285</td><td>-21%</td></tr><tr><td>Distribution fees</td><td>247</td><td>322</td><td>-75</td><td>-23</td></tr><tr><td>Net investment income</td><td>-13</td><td>48</td><td>-61</td><td>NM</td></tr><tr><td>Other revenues</td><td>-15</td><td>50</td><td>-65</td><td>NM</td></tr><tr><td>Total revenues</td><td>1,296</td><td>1,782</td><td>-486</td><td>-27</td></tr><tr><td>Banking and deposit interest expense</td><td>7</td><td>20</td><td>-13</td><td>-65</td></tr><tr><td>Total net revenues</td><td>1,289</td><td>1,762</td><td>-473</td><td>-27</td></tr><tr><td> Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>417</td><td>464</td><td>-47</td><td>-10</td></tr><tr><td>Amortization of deferred acquisition costs</td><td>24</td><td>33</td><td>-9</td><td>-27</td></tr><tr><td>General and administrative expense</td><td>771</td><td>958</td><td>-187</td><td>-20</td></tr><tr><td>Total expenses</td><td>1,212</td><td>1,455</td><td>-243</td><td>-17</td></tr><tr><td>Pretax income</td><td>$77</td><td>$307</td><td>$-230</td><td>-75%</td></tr></table>
<table><tr><td>Cash</td><td>$69.3</td></tr><tr><td>Current assets</td><td>84.7</td></tr><tr><td>Property, plant and equipment</td><td>265.9</td></tr><tr><td>Goodwill</td><td>100.2</td></tr><tr><td>Intangible asset</td><td>52.8</td></tr><tr><td>Current liabilities</td><td>-53.2</td></tr><tr><td>Long-term liabilities</td><td>-174.1</td></tr><tr><td>Net assets acquired</td><td>$345.6</td></tr><tr><td>Noncontrolling interests</td><td>$-132.9</td></tr></table>

Question: what was the implied total value in millions of the brazilian beverage packaging joint venture , latapack-ball , in august 2010?
Answer: 457.42574