Ardagh in Settlement Talks on Verallia U.S. Antitrust Case
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 editor responsible for this story: Sara Forden at email@example.com