Regulatory Review Process for the Sale of Ball Aerospace Completed

Core Points - Ball Corporation announced the completion of the U.S. Department of Justice's review regarding the sale of its aerospace business to BAE Systems for approximately $5.6 billion in cash [1] - The transaction is expected to close in the near term, following the receipt of other regulatory approvals and the satisfaction of customary closing conditions [1] - Morgan Stanley & Co. LLC acted as the financial advisor for Ball Corporation, while Skadden, Arps, Slate, Meagher and Flom LLP and Axinn Veltrop and Harkrider LLP served as legal and regulatory advisors [1] Company Overview - Ball Corporation is a leading producer of sustainable aluminum packaging solutions for beverage, personal care, and household products [2] - The company employs 21,000 people globally and reported net sales of $14.03 billion in 2023 [2]