Food and beverage packaging solutions company the Ball Corporation received antitrust clearance from the Federal Trade Commission to proceed with its $6.35 billion acquisition of rival Rexam PLC on the condition the company sells eight aluminum can plants in the US.
Ball received final unconditional regulatory clearance in Brazil on June 8 and in Europe on June 17. The European Commission approved the deal in January subject to the divestment of 12 of plants throughout Europe. European packaging manufacturer the Ardagh Group S.A. has agreed to purchase the divested plants for $3.42 billion along with the eight in the US and two in Brazil.