NuCO2 'go shop' period ends with no bids

New York, March 17 - NuCO2 Inc. said the "go shop" process ended with no superior proposals.

Financial advisor UBS Securities LLC contacted over 40 potential strategic and financial sponsors.

NuCO2 will now work with Aurora Capital Group to complete the merger. The transaction is subject to conditions.

NuCO2 announced on Jan. 30 that it would be acquired by Aurora for $30.00 in cash per share for a total of $487 million.

The 45-day go-shop period to solicit superior proposals from third parties ended March 14.

NuCO2 is a Stuart, Fla., bulk carbon dioxide supplier.

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