Business News
Wednesday 08. December 2010

3M Begins Market Purchases in Switzerland of Shares in Winterthur Technologies AG

In connection with its previously announced agreement to acquire Winterthur Technologies AG (“Winterthur”) pursuant to a public tender offer, 3M noted that, to the extent permissible under applicable law or regulation, 3M, its affiliates or brokers (acting as agents for 3M or its affiliates) may from time to time directly or indirectly purchase shares of Winterthur other than pursuant to such tender offer. 3M has begun to purchase shares of Winterthur in the public trading markets in Switzerland.

Tuesday 07. December 2010

Novelis Inc. Increases Total Consideration for Tender Offer and Consent Solicitation for its 11.50% Senior Notes Due 2015

Novelis Inc. announced today that it has increased the Total Consideration in its previously announced tender offer and consent solicitation for its 11.50% Senior Notes Due 2015 (the “11.50% Notes”) to $1,258.50 for each $1,000 principal amount of 11.50% Notes validly tendered and not validly withdrawn and accepted for purchase pursuant to the tender offer at or prior to 5:00 p.m., New York City time, on Wednesday, December 8, 2010, unless extended or earlier terminated by Novelis (such time and date, as the same may be extended or earlier terminated, the “Consent Deadline”).

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