Ball Corp. says regulatory review process for sale to BAE Systems complete

Ball Corporation (BALL) announced that the U.S. Department of Justice has ended its review, and allowed its review period to expire, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the announced sale of Ball’s aerospace business to BAE Systems (BAESY) for approximately $5.6B in cash proceeds. With the earlier receipt of other regulatory approvals and clearances for closing this transaction, including the Defense Counterintelligence and Security Agency and the Committee on Foreign Investments in the United States, the parties expect to close the transaction in the near term, subject to the satisfaction or waiver of the remaining customary closing conditions.