U.S. FTC Seeks Addl Information On Ball Corp. - Rexam Deal - Quick Facts

(RTTNews) - Ball Corp. (BLL) announced that it has received a Request for Additional Information, or a "second request," from the United States Federal Trade Commission or FTC under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the FTC's review of Ball's recommended offer to acquire Rexam PLC (REX.L, REXMY.PK). This second request from the FTC is a standard part of the United States' regulatory process.

It is expected that necessary regulatory clearances will be obtained in the first half of 2016. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled in the U.S.

In February 2015, Ball Corp. offered to acquire beverages-can maker Rexam in a cash and stock deal valued at 5.4 billion pounds or $8.4 billion, including the assumption of net debt.