Monday, July 9, 2007

Alcoa 2nd quarter profit slips; extends Alcan offer

(Reuters) - Alcoa also extended its $28.6 billion offer to acquire Canadian rival Alcan Inc , which was to expire on Tuesday, by a month.




Last week, Alcan said the offer remains inadequate and said it is pursuing alternatives, such as talks with other groups. It declined to comment on reports that Rio Tinto Ltd , the world's second-largest miner, has asked investment banks to advise it on options, including a possible counter bid for Alcan.


Read more at Reuters.com Business News

No comments: