Aleris International, Inc. announced that stockholders voted to adopt the merger agreement providing for the acquisition of the company by an entity currently indirectly owned by private equity funds sponsored by TPG.
The proposed merger was announced on August 8, 2006 and is expected to be completed by December 19, subject to the satisfaction or waiver of all the closing conditions set forth in the merger agreement.
Under the terms of the merger agreement, Company stockholders will receive $52.50 per share in cash without interest.
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