Ball Corporation: A Look Post The Aerospace Divestment

Aug. 20, 2023 5:16 AM ETBall Corporation (BALL) StockBALL6 Comments

Summary

  • Ball Corporation sold its aerospace unit in a $5.6 billion deal, streamlining operations and reducing leverage.
  • The divestment will cut net debt in half and improve leverage ratios, as the near-term impact on earnings is limited but potentially accretive.
  • The investment case relies on the core business showing some improvements, after a tough operating environment, which is a big if.
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Bales of crushed clean cans on truck in aluminum can recycling factory

Monty Rakusen/DigitalVision via Getty Images

Ball (NYSE:BALL) is a major player in the production of aluminum cans, as the business hit the newswires last week after it sold its aerospace unit. The divestment is a noteworthy deal, set to streamline the aluminum can

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