Ardagh To Pay $880M For Anchor Glass Ahead Of IPO Reboot

Law360, New York (July 17, 2012, 4:58 PM EDT) -- Packaging maker Ardagh Group SA has agreed to buy Anchor Glass Container Corp. in an $880 million deal that will add to its U.S. holdings as the Luxembourg company eyes another try at listing itself on a New York exchange, the company said Tuesday.

Tampa, Fla.-based Anchor is the third-largest glass container manufacturer in the U.S. — an $800 million business that churns out 5.6 billion bottles a year. The acquisition pushes Ardagh's broader plan to pack its portfolio with U.S. operations to edge more deeply...
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