TITLE

Service Centers on the Sidelines of Rio Tinto-Alcan Merger

AUTHOR(S)
Pinkham, Myra
PUB. DATE
August 2007
SOURCE
Metal Center News;Aug2007, Vol. 47 Issue 9, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the announcement of Rio Tinto PLC to acquire Alcan Inc. for $38.1 billion in cash in the U.S. The offer came after Alcoa Inc. has unsuccessfully attempted to pick up Alcan in a hostile bid that followed two years of negotiations. The acquisition will not affect aluminum service centers particularly if the company structure remains as currently envisioned. According to Robert Stiles, this move is just another step in a long line of consolidations in aluminum industry.
ACCESSION #
26383154

 

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