regulatory
confidence high
sentiment neutral
materiality 0.60
Ball Corp receives DOJ Second Request for aerospace sale to BAE; closing expected H1 2024
BALL Corp
- On Nov 3, 2023, Ball and BAE Systems each received a Second Request from the DOJ Antitrust Division.
- Second Request extends HSR waiting period until 30 days after substantial compliance or earlier DOJ termination.
- Ball and BAE will cooperate fully with the DOJ; transaction closing still projected for first half of 2024.
- Deal to sell Ball's aerospace business to BAE Systems for $5.6B was announced Aug 16, 2023.