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BAE Systems buys Ball Corp's aerospace unit for $5.6bn

BAE Systems, Britain’s biggest defence company, is in talks about a possible acquisition of Ball Corp’s aerospace division, according to reports. A deal could value Ball’s aerospace operations at more than $4 billion, Bloomberg said, which would be the largest acquisition by a British corporation
United States City Of United Kingdom Charles Woodburn Ball Aerospace Us Intelligence Community

Ball Aerospace: BAE agrees to buy Ball Aerospace for $5.55 billion

BAE Systems is set to acquire Ball Corps aerospace assets for $5.55 billion cash, after it outbid defense companies such as General Dynamics and Textron. The deal is expected to close by H1 of 2024 and will be funded through additional debt and existing cash. Ball Corp stated that it would use the proceeds to alleviate $9.7 billion of debt, enhance its packaging business, and return money to its shareholders.
United Kingdom City Of United States Charles Woodburn Blackstone Inc Morgan Stanley Co

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