Monday, May 7, 2007

UPDATE 1-Alcoa launches $27 bln hostile bid for Alcan

(Reuters) - Alcoa's move follows nearly two years of merger discussions between the companies that failed to a yield an agreement.

"We are very disappointed that those efforts did not result in a negotiated transaction - a conclusion we would have strongly preferred," Alain J.P. Belda, Chairman and Chief Executive Officer of Alcoa, said in a statement.


Read more at Reuters.com Mergers News

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