LONDON (Alliance News) - Ball Corp on Friday reiterated that it expects to obtain all regulatory clearances for its GBP4.3 billion acquisition of rival beverage can maker Rexam PLC to close at some stage during the first half of 2016.
Ball Corp maintained that guidance as it confirmed that the European Commission has entered into a period of market testing based upon commitments proposed by the two companies.
The EC's review timetable has been automatically extended as a result, according to Ball Corp, to January 22, 2016.
Ball reiterated that on completion of the deal it will remain listed on the New York Stock Exchange domiciled in the US.
Shares in Rexam closed up 1.7% at 569.96 pence on Friday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
