Ball studying options to ‘better position’ its aerospace unit

Ball Corp.
BALL,
-3.54%
said Tuesday it is “considering options that could better position its aerospace business to provide value to shareholders and customers.” The company said there’s no certainty that any formal decision will be made. “If and when appropriate, a further announcement will be made,” Ball said. The company said it was responding to market speculation about the business, which rang up $508 million in revenue in the first quarter of this year, up from $504 million in the year-ago quarter. Ball Corp. stock is down 0.8% in premarket trading.