HALISTER: Ardagh Said to Be Leading Bidder for Ball-Rexam Assets

Ardagh Said to Be Leading Bidder for Ball-Rexam Assets

(Bloomberg) -- Decision on exclusivity may come as early as this week, people familiar with the matter say.
  • Discussions aren’t final and may still fall apart, the people say, asking not to be named because the deliberations are private
  • Representatives for Ball, Rexam, Ardagh declined to comment
  • NOTE: Assets had also attracted offers from Apollo, Blackstone and Madison Dearborn, people familiar with the matter said previously
  • NOTE: Divested operations could be valued at about $4 billion based on Ebitda of about $400 million, a person said previously
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
8230501Z LX (Ardagh Group SA)
REX LN (Rexam PLC)
BLL US (Ball Corp)

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