Private equity firms are competing against large defense companies to acquire the aerospace unit of Ball Corp (BALL), which provides aerospace and national defense hardware and could be worth over $5B, people familiar with the matter told Reuters’ David Carnevali and Mike Stone. Blackstone (BX) and Veritas Capital Fund Management as well as defense companies BAE Systems (BAESY), General Dynamics (GD) and Textron (TXT) have expressed interest in the business, said the sources, who added that Ball is expected to invite final bids for the unit by the end of July.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BALL:
- Philip Morris upgraded, Palantir downgraded: Wall Street’s top analyst calls
- Ball Corp. considering options that could better position its aerospace business
- Ball Corp. upgraded to Equal Weight from Underweight at Wells Fargo
- Ball Corp. looking into sale of aerospace unit for over $5B, Reuters says
