Ball Corporation announced that it has reached an agreement to sell its aerospace business to BAE Systems for gross proceeds of $5.6 billion in cash, which represents 19.6x Ball Aerospace’s LTM comparable EBITDA (as of June 30, 2023). The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close in the first half of 2024. Following the successful close of the transaction, the combination of roughly half of the after-...