Ball enters phase II EC review
Ball Corporation has confirmed that the European Commission has initiated a Phase II review in connection with its recommended offer to acquire Rexam PLC. According to the company, this is a standard step when the European Commission is conducting an in-depth review under the EU Merger Regulation. The transaction is also still being reviewed by other antitrust agencies, including the US FTC and Brazilian CADE. Ball is expecting regulatory clearances to be achieved during the first half of 2016. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the US.