Alcoa makes hostile bid for Reynolds

Article Abstract:

Alcoa Inc. has made a hostile takeover offer of $4.1 billion (3.88 billion euros) for Reynolds Metals Inc. Alcoa made the offer in response to Reynolds' rejection of its unsolicted bid. Alcoa's offer is a cash tender offer of $65 per share. The company also started moves to remove the current board of directors of Reynolds. Alcoa made the hostile bid even though Reynolds had essentially made itself available for acquisition.

Primary Metal Manufacturing, Metals, Metal industries, Metals (Materials), Metal industry, Reynolds Metals Inc.

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Alcoa wins Reynolds in 4.09 billion euros deal

Article Abstract:

Reynolds Metals Co. has accepted Alcoa Inc.'s unsolicited bid to acquire the company. Alcoa's purchase of Reynolds is valued at $4.35 billion (4.09 billion euros). This comes out to $69.10 per share. Under the terms of the deal, Alcoa will take responsibility for debt worth $1.5 billion. As a result of the transaction, the largest aluminum manufacturer in the world will be combined with the third largest.

Reynolds Metals Co.

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Alcoa to buy Cordant Technologies

Article Abstract:

Alcoa Inc. announced that it will acquire Cordant Technologies Inc. Alcoa will pay $2.3 billion (2.38 billion euros) for Cordant.

Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Primary aluminum, Aircraft industry, AA, Cordant Technologies Inc., CDD

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