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Friday, October 3, 2014

Deals of the day- Mergers and acquisitions, (NYSE: CSTM)

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday: ** Aluminum products maker Constellium NV said it would purchase U.S. peer Wise Metals for $1.4 billion, including debt, in a deal aimed at tapping the fast-growing demand from car makers for aluminum sheet.** Austrian real estate company CA Immobilien said it did not expect a change in strategy with the arrival of new shareholder O1 and that the investor had said it did not intend to raise its stake beyond the planned 26 percent.

Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. Shares of CSTM fell by 2.55% or $-0.61/share to $23.32. In the past year, the shares have traded as low as $16.60 and as high as $32.61. On average, 641245 shares of CSTM exchange hands on a given day and today's volume is recorded at 1570415.