Compagnie de Saint-Gobain Disposal (3803I)
July 02 2013 - 3:34AM
UK Regulatory
TIDMCOD
RNS Number : 3803I
Compagnie de Saint-Gobain
02 July 2013
July, 2, 2013
Following the complaint filed by the US anti-trust authorities,
Compagnie de Saint-Gobain is working with Ardagh to achieve
the closing of the sale of Verallia North America
On January 17, 2013, Compagnie de Saint-Gobain has accepted the
purchase offer of Ardagh on Verallia North America for an
enterprise value of $1,694 million (around EUR1,275 million),
representing 6.5 times 2012 EBITDA (around $261 million). The
transaction is subject to authorization by the Federal Trade
Commission (F.T.C).
Yesterday, the F.T.C. filed a complaint in Federal Court seeking
to prevent the sale from being consummated. The parties - Ardagh
and Saint-Gobain - are disappointed by the action taken by the
Commission. Saint-Gobain and Ardagh intend to vigorously defend the
transaction in litigation, whilst at the same time working with the
FTC to seek to resolve its concerns.
Press relations Analyst/Investor relations
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Florence TRIOU-TEIXEIRA +33 1 47
Sophie CHEVALLON +33 1 47 62 62 45 19
30 48 Vivien DARDEL +33 1 47 62 44 29
Susanne TRABITZSCH +33 1 47 62 Alexandra BAUBIGEAT +33 1 47 62
43 25 30 93
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This information is provided by RNS
The company news service from the London Stock Exchange
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