Ardagh in Settlement Talks on Verallia U.S. Antitrust CaseDavid McLaughlin
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.