Novelis
5571195
172396751
2007-11-19T01:22:33Z
Le Pied-bot
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robot Adding: [[fr:Novelis]]
'''Novelis Inc.''' is a [[Canada|Canadian]] company headquartered in Toronto involved in [[aluminum]] rolling and [[aluminum can]] [[recycling]]. It was spun off from [[Alcan]]'s rolling division and incorporated in January 2005. Novelis has executive offices located in [[Atlanta]], GA. On February 11, 2007, the company entered into a definitive agreement to be acquired by [[India]]'s [[Hindalco]] for U$6 billion, which makes the combined entity the world's largest rolled-aluminium producer.
On May 15, 2007, the acquisition was completed with '''Novelis''' shareholders receiving $44.93 per outstanding share of common stock. As a result the stock is no longer listed on the [[TSX]] and [[NYSE]].
==References==
* [http://www.cbc.ca/money/story/2007/01/26/novelis.html Novelis confirms sale talks; stock jumps 24%] from [[Canadian Broadcasting Corporation]] News, [[January 26]], [[2007]]
* [http://www.bloomberg.com/apps/news?pid=20601087&sid=aWMdXLgORRSo&refer=home Hindalco to Buy Novelis for $6 Billion, Add Products]
* [http://www.nyse.com/interface/jsp/NHDetail.jsp?RequestID=2&pageID=NewsHeadlines&sid=ON%2002/11%20306&isdowjones=true India's Hindalco To Pay $6 Billion Including Debt For Novelis]
==External links==
* [http://www.novelis.com/ Novelis web site]
[[Category:Manufacturing companies of Canada]]
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