1st Oct 2015 09:00
LONDON (Alliance News) - Ball Corp Thursday said it has received a statement of objections from the European Commission regarding the proposed acquisition of Rexam PLC by Ball UK Acquisition Ltd.
Ball said it takes note of the EC's objections and concerns and said it expects all necessary regulatory clearances will be obtained to enable the proposed acquisition to close during the first half of 2016.
US company Ball, which supplies metal packaging to the consumer goods industries, is planning to buy FTSE 250-listed drinks can maker Rexam for GBP4.3 million.
Shares in Rexam were trading up 1.3% at 530.50 pence Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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