Monday, June 18, 2007

Alcoa stock hits 6-year high

(Reuters) - The difference now is that Alcoa is in the middle of a hostile takeover battle for Canada's Alcan , which has rejected its U.S. rival's $28.4 billion offer.




Sources familiar with Alcoa's hostile offer for Alcan and the strategies of other mining companies that may mount a bid for either aluminum company said that Alcan was a more likely target.


Read more at Reuters.com Business News

No comments: