date:Oct 12, 2013
The Ardagh Group yesterday launched what could be a costly waiver to get out of a $1.6 billion bond repayment if US regulators block its acquisition of glass container business Verallia North America (VNA).
The Irish bottler has initiated a consent solicitation on three bonds issued in January to finance the deal, due to uncertainty over whether it will be able to settle a dispute with the US Federal Trade Commission over the takeover.
If Ardagh does not get the green light by 13 January next