Alcoa extends offer for Alcan; profit falls 3.9%
Article Abstract:
US aluminum firm Alcoa Inc. has extended its hostile bid for Canada's Alcan Inc. to August 10, 2007 to give shareholders and regulators more time to examine its $27.93 offer. Second quarter net income for Alcoa dropped 3.9%, prompting analysts to speculate that cost pressures will create challenges for Alcoa's bid.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Alcoa, Alcan takeover speculation on rise
Article Abstract:
Rival bids are anticipated for Canadian aluminum firm Alcan Inc. after U.S.-based Alcoa Inc. declined to increase its $27.62 bil hostile takeover bid. Investors expect that rival mining firms such as Rio Tinto PLC and BHP Billiton Ltd. might make offers.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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