Aleris International.The recently combined IMCO In my considered opinion." See digispeak. Recycling and Commonwealth Industries has chosen Aleris International Inc. as its new name, suburban Cleveland as its new headquarters and Steven J. Demetriou, previously president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Commonwealth, as chairman and CEO of the company. The combined company announced the finalization of the IMCO-Commonwealth merger and the Aleris International Inc. name in early December. The company's stock is now trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors ARS. Commonwealth stockholders are entitled to receive 0.815 shares of Aleris (formerly IMCO) common stock for each of their shares of Commonwealth common stock. "Today marks the creation of a new vertically integrated aluminum company with approximately $2.3 billion in pro-forma sales," Demetriou says. Aleris expects to employ approximately 100 employees in its suburban-Cleveland headquarters. The company has 29 production locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe and employs approximately 3,200 people. More information is avialable at www.aleris.com. |
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