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Alcan rejects Alcoa bid.

Publication: Automotive News
Publication Date: 28-MAY-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Alcan rejects Alcoa bid.(News)(Brief article)

Article Excerpt
Byline: Robert Sherefkin

Alcan Inc. has rejected a hostile takeover bid from rival Alcoa Inc.

The proposed $27.62 billion buyout of Alcan announced this month would create the world's largest aluminum company with a larger focus on the automotive business. But Alcan's board recommended on Tuesday, May 22, that...

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