IPIC to buy Nova Chemicals
Nova Chemicals Corp
The deal sees IPIC, wholly owned by the government of the Emirate of Abu Dhabi, paying $6.00 a share for all of the outstanding shares of Nova Chemicals.
Nova currently has 82.3 million shares outstanding, according to Reuters.
Nova closed on Friday at $1.34 a share in New York.
($1=$1.25 Canadian)
(Reporting by Scott Anderson)
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