14 April 2009 20:22 [Source: ICIS news]
HOUSTON (ICIS news)--Shareholders of Canadian producer NOVA Chemicals approved the $2.3bn (€1.7bn) bid to acquire the company by Abu Dhabi’s International Petroleum Investment Co (IPIC), NOVA said on Tuesday.
The move was approved by approximately 98% of votes cast, the company said.
"The combination of NOVA Chemicals' assets and IPIC's financial strength should create a very strong company capable of taking advantage of growth opportunities in ?xml:namespace>
($1 = €0.75)
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