Regulatory runway cleared for Ball Aerospace acquisition

Ball Corp. (NYSE: BALL) said this week that it has cleared the final federal regulatory hurdle required for the aluminum-packaging giant to sell its Ball Aerospace and Technologies Corp. division to British aerospace company BAE Systems PLC for $5.6 billion. “The U.S. Department of Justice has ended its review, and allowed its review period to expire, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,” Ball said. The Defense Counterintelligence and Security Agency and the Committee on Foreign Investments had already signed off on the deal. “In the coming days, BAE Systems and Ball Corporation will be executing the steps needed to complete […]

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