Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ardagh in Settlement Talks on Verallia U.S. Antitrust Case

Dec. 17 (Bloomberg) -- Ardagh Group SA is in settlement talks with U.S. antitrust regulators to resolve a case seeking to block the glassware maker’s planned $1.7 billion acquisition of Verallia North America from Cie. de Saint-Gobain SA.

Ardagh has offered to sell six plants in the U.S. to settle claims that the planned purchase of the glass-container manufacturer is anticompetitive, according to a document dated yesterday and filed with the Federal Trade Commission.

The Ardagh proposal “warrants further evaluation” and could lead to a settlement resolving the case, the FTC said in the filing.

The FTC filed an administrative complaint against Luxembourg-based Ardagh and Saint-Gobain earlier this year, saying the deal would reduce competition in the market for beer and liquor bottles. The hearing on the complaint was scheduled to begin Dec. 19.

To contact the reporter on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net

To contact the editor responsible for this story: Sara Forden at sforden@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.