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Bids, Mergers and Takeovers

Ball Corp says EC starts Phase II review of Rexam deal

21 July 2015 07:43

Ball Corporation confirms the European Commission has begun a Phase II review in connection with its recommended offer for Rexam. This is a standard step when the European Commission is conducting an in-depth review under the EU Merger Regulation.

The transaction is still being reviewed by other antitrust agencies, including the U.S. Federal Trade Commission and the Conselho Administrativo de Defesa Econômica in Brazil.

"It is expected that all necessary regulatory clearances will be obtained during 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."

Story provided by StockMarketWire.com

Related Company: REX

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