BALL Corp (BALL): M&A transaction — Ball Corporation completes sale of aerospace business to BAE Systems for $5.6B

BALL Corp

Sale price approximately $5.6B; after-tax cash proceeds about $4.5B.
Proceeds: ~$2B to reduce net debt, ~$2B for share repurchases, remainder to strengthen balance sheet.
CEO Dan Fisher says milestone in 144-year history; company now focused on aluminum packaging.
Transaction closed February 16, 2024; previously announced under Stock Purchase Agreement.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BALL Corp completed a disposition involving BAE Systems, Inc. for approximately $5.6 billion (closed 2024-02-16).

Action: disposition
Counterparty: BAE Systems, Inc.
Consideration: approximately $5.6 billion
Closing: 2024-02-16

Exact text from the filing

of sustainable aluminum packaging for global beverage and household brands, today announced that the company completed the sale of its aerospace business for approximately $5.6 billion subject to customary closing adjustments. “Today marks a significant milestone in Ball’s 144-year history. We extend our best wishes for continued success to our former

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Source: SEC EDGAR

accession 0000009389-24-000017

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