Ball receives regulatory OK from Brazil to acquire Rexam
BROOMFIELD — Ball Corp. (NYSE: BLL) has received regulatory approval in Brazil for its $6.7 billion acquisition of Rexam PLC. Approval came from the Conselho Administrativo de Defesa Economica, the Brazilian antitrust agency.
Broomfield-based Ball, a manufacturer of cans, expects to attain remaining regulatory clearances during the first half of 2016. Ball last month offered to sell 11 European plants to win European Union approval of the deal. Nine of the European plants manufacture cans, while two manufacture can ends.
Ball also last month announced plans to raise $2.5 billion through a public offering of senior notes to fund the cash portion…
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