Alcoa Makes Offer to Acquire Alcan
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Based on Alcoa’s closing stock price on May 4, 2007, the offer has a value of $73.25 per Alcan share or approximately $33 billion in enterprise value. The Alcoa offer represents a 32 percent premium to Alcan’s average closing price on the NYSE over the last 30 trading days and a 20 percent premium to Alcan’s closing price on May 4, 2007, its all-time high.
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- People:
- Alain J.P. Belda
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