Ball said on August 16, 2023 that it entered into a Stock Purchase Agreement with BAE Systems, Inc., under which BAE Systems will acquire all of the outstanding equity interests in the entities that own and operate Ball's aerospace business segment.

1. 01

   Ball said on August 16, 2023 that it entered into a Stock Purchase Agreement with BAE Systems, Inc., under which BAE Systems will acquire all of the outstanding equity interests in the entities that own and operate Ball's aerospace business segment.

2. 02

   The company said the U.S. Department of Justice ended its review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and allowed the review period to expire on February 14, 2024.

3. 03

   The company said the cash proceeds from the sale of its aerospace business to BAE Systems, Inc. are approximately $5.6 billion. It also said it had received earlier approvals and clearances from the Defense Counterintelligence and Security Agency and the Committee on Foreign Investments in the United States.

4. 04

   The company said that as of February 13, 2024, no other regulatory requirements are needed to close the transaction. It expects the transaction to close in the near term, subject to the satisfaction or waiver of the remaining customary closing conditions.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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