(Bloomberg) -- Canadian stocks rose, sending the
benchmark index to another record, after Rio Tinto offered to buy
aluminum maker Alcan Inc. for $38.1 billion, fueling takeover
speculation on other materials stocks.
A five-year rally in commodities that's lifted many metals
to records has spurred more than $106 billion of proposed takeovers
in the mining and metals industry so far this year, according to
Bloomberg data. Inmet Mining Corp. and Teck Cominco Ltd. gained
along with Alcan on the Toronto stock exchange today.
Read more at Bloomberg Stocks News
benchmark index to another record, after Rio Tinto offered to buy
aluminum maker Alcan Inc. for $38.1 billion, fueling takeover
speculation on other materials stocks.
A five-year rally in commodities that's lifted many metals
to records has spurred more than $106 billion of proposed takeovers
in the mining and metals industry so far this year, according to
Bloomberg data. Inmet Mining Corp. and Teck Cominco Ltd. gained
along with Alcan on the Toronto stock exchange today.
Read more at Bloomberg Stocks News
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