After several extensions, Zhongwang on Nov. 13 announced the termination of the acquisition of Aleris Corporation.
Zhongwang entered into a merger agreement with Aleris in August 2016. Ohio-based Aleris had agreed to sell itself to Zhongwang for $2.3 billion including debt, but the deal was doomed after U.S. officials raised national-security concerns about the Chinese bidder.

Source: https://www.prnewswire.com/news-releases/zhongwang-usa-announces-termination-of-proposed-us23-billion-acquisition-of-aleris-corporation-300554564.html

 

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