NOVA CHEMICALS
Shareholders approve acquisition by IPIC
Shareholders in Nova Chemicals (Calgary, Alberta / Canada; www.novachem.com) have passed a special resolution to approve the acquisition by International Petrochemical Investment Company (IPIC, Abu Dhabi / UAE; www.ipic.ae) of all issued and outstanding common shares in Nova for USD 6.00 per share. The resolution was approved by approximately 98% of the votes cast. Nova’s directors had recommended that shareholders accept IPIC’s offer to acquire the company, which is worth a total of USD 2.3 bn including debt – see Plasteurope.com of 25.02.2009. The transaction is expected to close in the second quarter of 2009.
21.04.2009 Plasteurope.com [213251]
Published on 21.04.2009
German version of this article...