(Reuters) - MELBOURNE/NEW YORK, June 19 - The world's largest
mining group, BHP Billiton Ltd. , is considering a
rival bid for aluminum producer Alcan Inc. and has
hired an investment bank, sources familiar with the matter
said.
The emergence of BHP as a possible white knight in the face
of Alcoa Inc.'s $28.7 billion 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.
Read more at Reuters.com Mergers News
mining group, BHP Billiton Ltd. , is considering a
rival bid for aluminum producer Alcan Inc. and has
hired an investment bank, sources familiar with the matter
said.
The emergence of BHP as a possible white knight in the face
of Alcoa Inc.'s $28.7 billion 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.
Read more at Reuters.com Mergers News
No comments:
Post a Comment