Ball agrees to divest eight US aluminum can plants as condition for FTC approval of Rexam deal
( June 28, 2016, 17:22 GMT | Official Statement) -- MLex Summary: The Federal Trade Commission on Tuesday announced Ball Corporation has agreed to sell to Ardagh Group eight US aluminum can plants and associated assets in order to settle FTC charges that its proposed acquisition of Rexam is anticompetitive. Without a divestiture, it's likely the proposed merger would substantially lessen competition for standard 12-ounce aluminum cans in three regional US markets – the South and Southeast, the Midwest and the West, the agency said.Statement follows in full: ...
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