- Brazilian antitrust regulators have granted final conditional regulatory clearance for Ball's (BLL +0.3%) planned $6.6B purchase of fellow metal packaging maker Rexam (OTCPK:REXFF). Ball forecasts the deal (first announced in February) will close in 1H16, following additional regulatory clearances.
- Last month, Reuters reported Ball has offered to sell 11 European plants to win EU approval for the Rexam deal. EU regulators have been worried Ball/Rexam's combined can manufacturing share will lead to higher prices.