April 25 (Reuters) - Drinks can maker Ball Corp (NYSE:BLL) BLL.N said
it along with British rival Rexam Plc REX.L agreed to sell
some assets to Luxembourg-based Ardagh Group ARDGR.UL for
about $3.42 billion to meet antitrust regulations ahead of their
planned merger.
The companies will sell some metal beverage can assets,
support locations and functions in Europe, Brazil and the United
States to Ardagh Group, Ball Corp said on Monday.
Reuters had earlier reported that Ball and Rexam have begun
the process of shedding assets for regulatory approval.
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