Noranda Income Fund Announces Unitholder Approval Of Acquisition By Glencore
Acquiring Company
Glencore
Acquired Company
the Noranda Income Fund
SwitzerlandManufacturingEnergyAgriculture and FarmingManufacturingDescription
Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today announced that the Fund’s unitholders have approved the proposed arrangement (the “Arrangement”) pursuant to which all of the Fund's issued and outstanding priority units would be acquired by Glencore Canada Corporation for $1.98 per priority unit in cash.
Quick answer
Glencore is acquiring the Noranda Income Fund, announced February 28, 2023. Glencore is based in Switzerland.
- How much did Glencore pay for the Noranda Income Fund?
- The deal value was not disclosed.
- What does Glencore do?
- Glencore is one of the world's largest diversified natural resource companies, engaging in the production and trading of various commodities.
- Where are Glencore and the Noranda Income Fund based?
- Glencore is based in Switzerland.
Source: Fundz verified event record.
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Frequently asked
Who acquired the Noranda Income Fund?
the Noranda Income Fund was acquired by Glencore, based in Switzerland. The deal was reported on February 28, 2023. Glencore is one of the world's largest diversified natural resource companies, engaging in the production and trading of various commodities. Glencore is publicly traded (GLCNF) and operates in Manufacturing.
When did Glencore acquire the Noranda Income Fund?
Glencore's acquisition of the Noranda Income Fund was reported on February 28, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does the Noranda Income Fund do?
Following completion of the Arrangement, Noranda Income Fund became a wholly-owned subsidiary of Glencore Canada Corporation. It is privately held, operating in Manufacturing.
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