Friday, December 22, 2006

Alcan could receive takeover bid from foreign entity - report

Alcan, the listed Canadian aluminum giant, could eventually be subject to a takeout offer, according to a professor cited in the Montreal Gazette.
In the report, Prof. Joseph D’Cruz from the University of Toronto, said that Alcan, whose shares do not adequately reflect the company's value, could become a target for a foreign buyer if Canada's currency continues to slip in value.
Alcan's market cap is USD 17.71bn, according to Yahoo Finance.


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