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Asset sale agreement reflects $3.42 billion enterprise value.
April 27, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ball Corporation announced it and Rexam PLC have entered into an agreement with Ardagh Group to sell select metal beverage can assets, support locations and functions in Europe, Brazil and the US for approximately $3.42 billion (subject to customary adjustments) in order to satisfy certain regulatory requirements in connection with its proposed acquisition of Rexam. Completion of the sale of the Divestment Business is subject to a number of conditions, including receipt of certain regulatory...
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