RARE ALERT: Novelis said to ... - part 3
Friday, 1 September 2017, 11:16 am
Bloomberg last night reported that Indian billionaire Kumar Birla is evaluating a bid for aluminium company Constellium. Below is the link:
Bloomberg last night reported that Indian billionaire Kumar Birla is evaluating a bid for aluminium company Constellium. Below is the link:
Novelis's approach for rival Constellium could value the Dutch aluminium company at up to $1.3 billion.
According to sources claiming to be familiar with the matter, Indian metals giant Hindalco, which controls Novelis, could be willing to settle a legal dispute with Constellium.
This would effectively add an extra $2 a share to Novelis's original informal $10 a share approach for Constellium, said the sources claiming to be familiar with the matter...