Ball’s offer for Rexam gets European clearance

Ball Corporation has confirmed that the European Commission (EC) has formally approved its proposed acquisition of Rexam and thereby granted final regulatory clearance in Europe for Ball’s offer for Rexam. The EC has also formally approved Ardagh Group’s proposed acquisition of certain Ball and Rexam 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 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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