Noranda Aluminum, Inc. filed a notice of successful bidder with respect to the auction of the Gramercy assets and St. Ann assets in the Court on October 20, 2016. As per the auction result, New Day Aluminum LLC, stalking-horse bidder is selected as successful bidder for a purchase consideration of $24.43 million. ARG International AG has been designated as back-up bidder with a purchase price of $24 million.