Monday, May 7, 2007

Canadian Stocks May Gain, Led by Alcan, on Alcoa Offer; Barrick May Rise

(Bloomberg) -- Canadian stocks may gain after Alcoa Inc. said it plans to offer $33 billion for Alcan Inc. in the biggest Canadian takeover, after merger negotiations failed.

Alcoa, seeking to become the world's largest aluminum producer, may rise after saying it plans to offer cash and stock valued at $33 billion. Gold producers may advance as the price of the metal rises.


Read more at Bloomberg Stocks News

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