Ardagh Group buys back stock in a move expected to be in response to rising inflation
With the annual inflation rate the highest in four decades, Ardagh Group engaged in a program to buy back it's stock and increase liquidity. The notes with be purchased at a 4% premium and the company will use $485 million to purchase the 2027-due notes.
New Activity|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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