(Reuters) - The Globe and Mail, citing sources, said global mining
company Rio Tinto hired investment banker CIBC World Markets
recently to help it prepare a bid for Alcan.
Britain's Times newspaper also reported that Rio was poised
to launch a $34 billion takeover of Alcan, saying that Wall
Street investment bankers believe the rival offer "is ready to
go hot" with a formal approach within two weeks.
Read more at Reuters.com Mergers News
company Rio Tinto hired investment banker CIBC World Markets
recently to help it prepare a bid for Alcan.
Britain's Times newspaper also reported that Rio was poised
to launch a $34 billion takeover of Alcan, saying that Wall
Street investment bankers believe the rival offer "is ready to
go hot" with a formal approach within two weeks.
Read more at Reuters.com Mergers News
No comments:
Post a Comment