(Bloomberg) -- Shares of Alcan Inc. rose after
reports of possible takeover offers from Norsk Hydro ASA and Rio
Tinto Group raised expectations of a bidding war with Alcoa Inc.
for the Canadian aluminum producer.
Norsk Hydro, an Oslo-based energy and metals producer, is
preparing a bid valued at more than $30 billion for Alcan, the
Globe and Mail reported today, citing bankers close to both
companies who weren't named. Rio Tinto, the world's third-largest
miner, hired Deutsche Bank AG to advise it on a possible Alcan
bid, the Age newspaper reported, without citing anyone.
Read more at Bloomberg Stocks News
reports of possible takeover offers from Norsk Hydro ASA and Rio
Tinto Group raised expectations of a bidding war with Alcoa Inc.
for the Canadian aluminum producer.
Norsk Hydro, an Oslo-based energy and metals producer, is
preparing a bid valued at more than $30 billion for Alcan, the
Globe and Mail reported today, citing bankers close to both
companies who weren't named. Rio Tinto, the world's third-largest
miner, hired Deutsche Bank AG to advise it on a possible Alcan
bid, the Age newspaper reported, without citing anyone.
Read more at Bloomberg Stocks News
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