(Reuters) - The emergence of BHP as a possible white knight in the face of Alcoa Inc.'s hostile offer for Alcan came as Alcoa's stock hit a six-year high on a report that the U.S. aluminum company, and not its Canadian rival Alcan, was a target of BHP. Alcoa stock eased to close less than 1 percent higher.
The sources told Reuters that BHP, which trades in Australia and London, has hired Merrill Lynch to explore the possibility of buying Alcan, but stressed that such a move is not definite.
Read more at Reuters.com Business News
The sources told Reuters that BHP, which trades in Australia and London, has hired Merrill Lynch to explore the possibility of buying Alcan, but stressed that such a move is not definite.
Read more at Reuters.com Business News
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