Ardagh, Verallia involved in settlement negotiations

12/18/2013 | Reuters

Ireland's Ardagh may buy the U.S. business of Saint-Gobain unit Verallia in time to meet a mid-January deadline, according to court documents. The Federal Trade Commission had previously filed a complaint against Ardagh, saying the deal was illegal, but recent negotiations may save the deal. "We've made considerable progress with the FTC so far. We're confident, we're working with Ardagh to address the FTC's concerns, and we're not talking about a plan B," said a spokeswoman for Saint-Gobain.

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