NEW YORK (Reuters) - Aluminum products maker and recycler Aleris International Inc (ARS.N: Quote, Profile, Research) said on Monday it agreed to be acquired by buy-out firm Texas Pacific Group Ventures Inc (TPG.UL: Quote, Profile, Research) in a $1.7 billion deal. Under terms of the agreement which also includes the assumption of $1.6 billion in debt, TPG will pay $52.50 a share for Aleris, a 27 percent premium to Aleris's closing price of $41.39 price on Monday on the New York Stock Exchange. << Home
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