BROOMFIELD, Colo., June 17, 2016 /PRNewswire/ -- Ball
Corporation (NYSE: BLL) confirms that the European Commission (EC) has formally approved its proposed acquisition of Rexam
PLC and thereby granted final regulatory clearance in Europe for Ball's offer for Rexam PLC.
The EC has also formally approved Ardagh Group's proposed acquisition of certain Ball and Rexam PLC businesses.
Ball received final unconditional regulatory clearance in Brazil on June 8 and is working to obtain the remaining U.S. regulatory clearance soon, enabling the proposed acquisition
of Rexam PLC to close. Following closing of the transaction, Ball will remain a New York Stock Exchange listed company domiciled
in the U.S.
About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products
customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its
subsidiaries employ 15,200 people worldwide and reported 2015 sales of $8.0 billion. For more
information, visit www.ball.com, or connect with us on Facebook or Twitter.
Forward-Looking Statements
This release contains "forward-looking" statements concerning future events and financial performance. Words such as
"expects," "anticipates," "estimates" and similar expressions identify forward-looking statements. Such statements are subject to
risks and uncertainties, which could cause actual results to differ materially from those expressed or implied. The company
undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise. Key risks and uncertainties are summarized in filings with the Securities and Exchange Commission,
including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Factors that might affect: a) our packaging segments include product demand fluctuations;
availability/cost of raw materials; competitive packaging, pricing and substitution; changes in climate and weather; crop yields;
competitive activity; failure to achieve productivity improvements or cost reductions; mandatory deposit or other
restrictive packaging laws; customer and supplier consolidation, power and supply chain influence; changes in major customer or
supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange
or tax rates; b) our aerospace segment include funding, authorization, availability and returns of government and commercial
contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the company as a whole include
those listed plus: changes in senior management; regulatory action or issues including tax, environmental, health and workplace
safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or
substances used in raw materials or in the manufacturing process; technological developments and innovations; litigation;
strikes; labor cost changes; rates of return on assets of the company's defined benefit retirement plans; pension changes;
uncertainties surrounding the U.S. government budget, sequestration and debt limit; reduced cash flow; ability to achieve
cost-out initiatives; interest rates affecting our debt; and successful or unsuccessful acquisitions and divestitures, including,
with respect to the proposed Rexam PLC acquisition, the effect of the announcement of the acquisition on our business
relationships, operating results and business generally; the occurrence of any event or other circumstances that could give rise
to the termination of our definitive agreement with Rexam PLC in respect of the acquisition; the outcome of any legal proceedings
that may be instituted against us related to the definitive agreement with Rexam PLC; the failure to satisfy conditions to
completion of the acquisition of Rexam PLC, including the receipt of all required regulatory approvals; and failure to complete
the previously announced sale of certain proposed divested assets in order to obtain such regulatory approvals.
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SOURCE Ball Corporation