Ball Corporation (NYSE:BLL), which has packaging and aerospace businesses, announced the divestiture of its domestic food and steel aerosol can assets during the quarter. Despite this divestiture, the company maintained its 2019 free-cash-flow guidance, and indicated it is allocating the proceeds to additional share repurchases.
From First Eagle Investment (Trades, Portfolio)'s First Eagle Fund of America's third-quarter 2018 shareholder commentary.