Ball Corporation's aerospace business sale to BAE Systems approved
Ball Corporation has received approval to finalize the sale of its aerospace business to BAE Systems for $5.6 billion. Initially announced in August 2023, the agreement was expected to conclude in the first half of 2024.
However, this week, Ball reported that the U.S. Department of Justice concluded its review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, allowing the review period to expire.
Alongside previous regulatory approvals from entities such as the Defence Counterintelligence and Security Agency and the Committee on Foreign Investments in the United States, both parties anticipate completing the transaction shortly.
Morgan Stanley & Co. LLC acted as Ball Corporation’s financial advisor. At the same time, legal and regulatory counsel was provided by Skadden, Arps, Slate, Meagher and Flom LLP and Axinn Veltrop and Harkrider LLP.
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Your reliable partner in aluminum casthouse equipment and products
Fioscope provide air-cooled camera technology for high temperature applications
Business Leads
