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Alcan Steels Itself Against Alcoa Bid

Canadian aluminum producer rejects US rival, says it will seek other offers

By J. Kelman, Newser User

Posted May 22, 2007 6:17 PM CDT

(Newser) – Canadian aluminum maker Alcan has rejected the $24.7-billion bid from rival Alcoa that would have been the biggest takeover in the metals industry, and signalled its intention to look elsewhere. Alcoa’s $74.60-per-share bid was inadequate, Alcan’s CEO said today, reigniting rumors... Read full story »

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Alcan Steels Itself Against Alcoa Bid

Canadian aluminum producer rejects US rival, says it will seek other offers

Alcoa • Alcan • aluminum • takeovers • merger • acquisition

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