Alcoa Launches Hostile Bid to Acquire Alcan

June 2007
Metal Center News;Jun2007, Vol. 47 Issue 7, p88
Trade Publication
The article reports on the determination of Alcoa Inc. to acquire Alcan Inc. in Canada. The Alcan board of directors has rejected the takeover offer of Alcoa which is $73.25 per share in cash and stock in a transaction estimated at $33 billion. The board of directors conclude that Alcoa's offer fails to meet the best interests of Alcan shareholders.


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