Ball confirms it’s considering aerospace division sale
WESTMINSTER — Ball Aerospace and Technologies Corp., a major division of Westminster-based metal-packaging manufacturer Ball Corp. (NYSE: BALL), could soon be sold.
The company, which operates a large and expanding aerospace campus in Boulder, confirmed this week that it is mulling its options for the business unit after Reuters reported that Ball was marketing its aerospace business to private equity firms and defense contractors with an asking price of about $5 billion.
Ball is “considering options that could better position its aerospace business to provide value to shareholders and customers,” the company said in…
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