Ball Corp. offer for Rexam PLC receives clearance in Europe
U.S. regulatory approval still pending.
June 20, 2016
by Canadian Packaging staff
BROOMFIELD, CO—Ball Corporation confirms that the European Commission (EC) has formally approved its proposed acquisition of Rexam PLC and thereby granted final regulatory clearance in Europe for Ball’s offer for Rexam PLC.
The EC has also formally approved Ardagh Group‘s proposed acquisition of certain Ball and Rexam PLC businesses.
Ball received final unconditional regulatory clearance in Brazil on June 8, 2016 and is working to obtain the remaining U.S. regulatory clearance soon, enabling the proposed acquisition of Rexam PLC to close.
Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the U.S.
About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 15,200 people worldwide and reported 2015 sales of $8.0 billion. For more information, visit www.ball.com, or connect on Facebook or Twitter.
Connect with Canadian Packaging magazine on Twitter @CdnPackaging and Facebook: www.facebook.com/CanadianPackaging/
Image purchased from www.fotolia.com.