(Reuters) - Sources familiar with the matter told Reuters last month that BHP had appointed investment bank Merrill Lynch to work on a possible bid for Canada's Alcan Inc , which is the subject of a $28.7 billion hostile bid from Alcoa.
The Times said Alcoa was BHP's preferred target, but it was unwilling to pay a premium for assets that it does not want to retain and so wanted to team up with a bid partner.
Read more at Reuters.com Business News
The Times said Alcoa was BHP's preferred target, but it was unwilling to pay a premium for assets that it does not want to retain and so wanted to team up with a bid partner.
Read more at Reuters.com Business News
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