Merger Links

BAE Systems to acquire the aerospace business of Ball for $5.55bn.

Announced

Transaction Tags

  • Acquisition
  • Cross Border
  • Pending
  • Single Bidder
  • Majority
  • Friendly
  • Aerospace
  • United States
  • aluminum packaging
  • aerospace packaging
  • Private

Synopsis

BAE Systems, a company that develops, delivers, and supports advanced defense and aerospace systems, agreed to acquire the aerospace business of Ball, a company that operates in containers and packaging sector, for $5.55bn. “This marquee acquisition would advance our company’s position in some of the fastest growing segments of the defense market and further increase our alignment with enduring customer priorities in both the US National Defense Strategy and US Intelligence Strategy. Ball Aerospace’s world-class products, capabilities and deep customer relationships would enhance our existing portfolio in areas including space, C4ISR and missile systems. We believe BAE Systems and Ball Aerospace share a culture of mission-driven innovation and operational excellence. We look forward to sustaining the historic legacy of Ball Aerospace and investing in its future,” Tom Arseneault, BAE Systems President and CEO.

Sources

Press Release

BAE Systems

Press Release

BAE Systems

Press Release

Ball

RNS Announcement

BAE Systems

Transaction Value

£4,360m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

2,660.1x

EV/EBITDA

30.94x

Share Price Premium

+ Add
Service Providers (4)Dealmakers
Citigroup

financial advisors

Citigroup

Morgan Stanley

financial advisors

Morgan Stanley

Axinn Veltrop & Harkrider

legal advisors

Axinn Veltrop & Harkrider

Skadden Arps Slate Meagher & Flom

legal advisors

Skadden Arps Slate Meagher & Flom

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