Owens-Illinois Inc. acquired 98.7% of Brockway Inc....
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Owens-Illinois Inc. acquired 98.7% of Brockway Inc. stock, under a merger agreement that will create the nation’s largest manufacturer of glass containers, the company reported. The move followed the Federal Trade Commission’s decision not to appeal a court decision supporting the merger. Owens-Illinois spokesman Sam Allen said the company acquired 12.3 million Brockway common shares for more than $740 million. Allen said the merger will be completed in a couple of weeks.
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