Industry News, Mergers and Acquisitions, Printers News

Ball’s Offer for Rexam PLC Receives Final Regulatory Clearance in Europe

EC also formally approved Ardagh Group’s proposed acquisition of certain Ball and Rexam PLC businesses.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World

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 and is working to obtain the remaining US 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 US.

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