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BN 11/14 07:18 *VALE ANNOUNCES OVER-ALLOTMENT RESULTS IN E-MAILED RELEASE BN 11/14 07:17 *VALE GROSS CASH PROCEEDS FROM OFFERING ABOUT $1.82B BN 11/14 07:17 *VALE SAYS OVER-ALLOTMENT EXERCISED IN FULL
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Vale Says Over-Allotment Exercised in Full in Norsk Stake Sale 2013-11-14 07:28:43.412 GMT
By Sandi Liu Nov. 14 (Bloomberg) -- Over-allotment option of 40.7m shrs fully exercised at 25 kroner per share and Vale won’t hold any shares in Norsk Hydro, according to Vale press release received via e-mail from deal coordinator Morgan Stanley. * Total gross cash proceeds from sale about $1.822b * Related story: Vale Sells $1.8 Billion Stake in Aluminum Maker Norsk Hydro {NSN MW62TI6JTSEH <go>}
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To contact the reporter on this story: Sandi Liu in Hong Kong at +852-2977-4705 or sliu60@bloomberg.net
To contact the editor responsible for this story: Janet Ong at +852-2977-6425 or jong3@bloomberg.net