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NuCO2 stock stops trading, Aurora Capital buys company for $484 million
By Lisa Kerner
Charlotte, N.C., May 29 - NuCO2 Inc. was taken private by affiliates of Aurora Capital Group, it was announced on Thursday.
In January, Aurora said it would acquire the Stuart, Fla., bulk carbon dioxide supplier for $30 in cash per share for a total of $484 million.
NuCO2 shareholders approved the transaction in early May.
The company's stock ceased trading on the Nasdaq Global Select Market on Wednesday, according to a joint statement.
UBS Investment Bank advised NuCO2, and UBS Securities LLC provided debt financing for the transaction.
Aurora Capital Group is a Los Angeles-based private equity firm.
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