Home / Knowledge / News / Textiles / Canadian officials approve Nova Chemicals deal
Canadian officials approve Nova Chemicals deal
04
Jul '09
NOVA Chemicals Corporation (NOVA Chemicals) announced that all regulatory approvals required to complete the acquisition of NOVA Chemicals by International Petroleum Investment Company (IPIC) have been received. The final approval was received today from the Canadian Minister of Industry under the Investment Canada Act.

IPIC will, directly or indirectly, pay US $6.00 in cash for each of the issued and outstanding common shares of NOVA Chemicals. NOVA Chemicals' shareholders previously approved the arrangement involving IPIC at a shareholders meeting held on April 14, 2009. NOVA Chemicals anticipates that the closing of the arrangement will occur on or about July 6, 2009.

NOVA Chemicals develops and manufactures chemicals, plastics and end-products that make everyday life safer, healthier and easier. NOVA Chemicals' employees work to ensure health, safety, security and environmental stewardship through its commitment to Responsible Careâ. NOVA Chemicals shares are traded as NCX on the Toronto and New York stock exchanges.

NOVA Chemicals Corporation


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search