SAINT-GOBAIN BUYS OUT AMERICAN PARTNER (original) (raw)
Business|SAINT-GOBAIN BUYS OUT AMERICAN PARTNER
https://www.nytimes.com/1996/09/17/business/saint-gobain-buys-out-american-partner.html
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COMPANY NEWS
- Sept. 17, 1996
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September 17, 1996
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Section D, Page
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Compagnie de Saint-Gobain of France is buying the Ball Corporation's 42 percent stake in the Ball-Foster Glass Container Company for about 190milliontotakecontroloftheventure,thecompaniessaidMonday.ThedealcomesafterBall−FostersaidFridaythatitwouldacquiretheAnchorGlassCorporationfor190 million to take control of the venture, the companies said Monday. The deal comes after Ball-Foster said Friday that it would acquire the Anchor Glass Corporation for 190milliontotakecontroloftheventure,thecompaniessaidMonday.ThedealcomesafterBall−FostersaidFridaythatitwouldacquiretheAnchorGlassCorporationfor365 million to become the biggest maker of glass bottles in the United States. Anchor's parent, Vitro S.A. of Mexico, filed for bankruptcy-court protection for the unit to insure its continued operation while Saint-Gobain completed the takeover.
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