Ardagh To Shed Plants To Get FTC's OK For $1.7B Deal

Law360, New York (March 6, 2014, 3:19 PM EST) -- Ardagh Group SA has reached an agreement with the Federal Trade Commission’s staff on the basic terms of a divestiture plan that could resolve the agency's challenge to Ardagh’s proposed $1.7 billion acquisition of a U.S. unit of France's Saint-Gobain SA, according to a filing released Thursday by the FTC.

The Irish glass container company said it worked out a tentative deal with the agency under which it would divest a series of glass container production plants and other facilities that serve the beer, liquor, food...
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