Deals
Ball Offers Concessions in EU Antitrust Review of Rexam Deal
- EU sets Jan. 22 deadline for probe of food & drink-cans tie-up
- EU, Ball don't give details of antirust concessions offer
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Ball Corp. offered antitrust commitments to European Union merger watchdogs probing its bid for Rexam Plc in an attempt to allay concerns over the deal to create the world’s biggest maker of food and beverage cans.
The European Commission extended its deadline to rule on the deal until Jan. 22, it said in a filing on its website, without giving further details. Companies often sell overlapping units to eliminate EU concerns that a deal might make the merged business too powerful.