Tuesday, December 5, 2006

Alcan could receive takeover bid in months ahead - report

Alcan, the listed Canadian aluminum player, could be on the receiving end of a takeover bid in the months ahead, noted Report on Business magazine.
The report, which focused primarily on Alcan's troubled past with the residents and government of Kitimat, British Columbia, cited unidentified analysts' musings about a likely takeover bid for Alcan sooner rather than later. Rio Tinto in the UK and BHP Billiton in Australia have been mentioned in previous reports as possible suitors.
Alcan's market cap is USD 18.77bn, according to Yahoo Finance.


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