secwatch.observer — SEC 8-K summary
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Issuer:     BALL Corp (BALL)
CIK:        0000009389
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0000009389-23-000031
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ball Corp. agrees to sell aerospace segment to BAE Systems for $5.555B cash
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- Purchase price of $5,555,000,000 in cash for the aerospace business; closing subject to regulatory approvals including HSR, CFIUS, and defense agency clearances.
- Outside date for closing is August 16, 2024, extendable to February 16, 2025, under certain conditions.
- Ball is entitled to a $100 million termination fee if the agreement is terminated due to failure to receive regulatory approvals by the outside date.
- Ball intends to transfer sponsorship of the Business Pension Plan to a Business entity prior to closing; other Ball pension plans remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9389/000000938923000031/0000009389-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9389/000000938923000031/ball-20230816x8k.htm
  HTML page:      https://secwatch.observer/filing/0000009389-23-000031

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