Zhongwang USA

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  • Aleris Corporation

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    Aleris to Be Acquired by Zhongwang USA

    Aleris Corporation entered into a definitive agreement to be acquired by Zhongwang USA LLC, an investment company owned by Zhongwang International Group Ltd., parent company of China Zhongwang. Under the agreement, Zhongwang USA will acquire Aleris for $1.11 billion in cash for the equity, plus $1.22 billion in net debt. “We are excited about this transition to strategic […]