Texas Pacific Group completes $3.3-billion acquisition of Aleris

Dec 20, 2006 | 09:51 AM | Matthew Lerner

Texas Pacific Group Ventures Inc. (TPG) has completed its acquisition of Aleris International Inc. for $1.7 billion, or $52.50 per share, plus the assumption of $1.6 billion in debt.

Shareholders accepted the buyout at a special meeting Monday, when attendees voted 98 percent in favor of the offer to take the aluminum and zinc company private.....

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