Arbitrator blocks Novelis acquisition of Aleris on antitrust grounds

An arbitrator ruled against Novelis Inc.'s proposed $2.6 billion acquisition of Aleris Corp., finding it would harm competition in the aluminum automotive body sheet market. The decision followed a DOJ antitrust lawsuit.

““This decision ignores the reality of the automotive body sheet market and the competition we have faced against steel for years.””industryweek.com

• 1 source
• industryweek.comJustice Department Blocks Major Aluminum Producer Acquisition on Antitrust Grounds | IndustryWeekRyan SecardMar 9, 2020

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