Alcoa's pursuit of Alcan faces several hurdles: rivals, governments could thwart an offer valued at $26.9 billion
Article Abstract:
American aluminum firm Alcoa Inc. has bid $26.9 bil for Canadian company Alcan Inc., which has already rejected previous offers from Alcoa. If Alcoa is successful, the purchase would create a global giant valued at $54 bil which would produce approximately 20% of the world's total aluminum.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Alcoa pushes Alcan bid: investing in Quebec could win backing from local officials
Article Abstract:
Aluminum company Alcoa Inc. announced plans to invest $7 bil in Canadian-based plants in an effort to make its bid for Canada's Alcan Inc. more attractive. Alcoa has bid $27.49 bil in cash and stocks for Alcan.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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:
Subjects list: United States, Planning, Canada, Mergers, acquisitions and divestments, Company acquisition/merger, Aluminum industry, Alcan Inc., AL, AA, Alcoa Inc., Company business planning
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