Andritz acquired Xerium for $13.50 per share Share premium of 146.8% (1) Highest premium for a US public company in the last 5 years (2) Result of a 3 month strategic alternatives process Cross-border strategic to strategic transaction True North served as exclusive sellside advisor to Xerium (1)Refers to Xerium’s share price of $5.47, the
YOUNGSVILLE, N.C.–(BUSINESS WIRE)–Xerium Technologies, Inc. (NYSE: XRM) and Andritz AG (WBAG: ANDR) today announced that they have entered into a definitive merger agreement under which Andritz will acquire Xerium for $13.50 per share in an all-cash transaction.
NEW DAY ALUMINUM’S ACQUISITION OF ARC FUSED ALUMINA Buy-Side Assignment True North represented New Day Aluminum in its acquisition of Imery’s subsidiary, Arc Fused Alumina. Arc Fused Alumina is 120 year old French based business which is a leader in white fused alumina production.
Westrock’s Home Health and Beauty Division Buy-Side Assignment True North represented Silgan Holdings Inc. in its purchase of WestRock’s Specialty Closures and Dispensing Systems Business for $1.025 billion. The business is a leading global supplier of highly engineered triggers, pumps, sprayers and dispensing closure solutions to major branded consumer goods product companies in the Home,
STAMFORD, Conn.–(BUSINESS WIRE)–Apr. 6, 2017– Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of rigid packaging for consumer goods products, announced today that it has completed its acquisition of the dispensing systems business of WestRock Company (NYSE:WRK).
New Day Aluminum’s acquisition of Noranda’s Gramercy Alumina Smelter and St. Anne Bauxite Mine Bankruptcy Restructuring True North advised New Day Aluminum in its acquisition during the bankruptcy auction of Noranda’s remaining upstream assets consisting of the 1.2 million metric ton per year Gramercy alumina refinery and the St. Ann bauxite mine in Jamaica. The
Noranda Aluminum’s remaining upstream assets are now the property of New Day Aluminum after having submitted the winning bid at the court-sanctioned bankruptcy auction on Tuesday. Court filings indicate that their bid bested the offer submitted by ARG International AG.