Rio Tinto to Acquire Alcan, Alcoa Withdrawals Offer
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MONTREAL, MELBOURNE, LONDON and NEW YORK—Rio Tinto and Alcan announced they have reached an agreement for Rio Tinto to make an offer to acquire all of Alcan’s outstanding common shares for $101 per share in a recommended, all-cash transaction. The offer represents a total equity consideration for Alcan of approximately $38.1 billion. The combined aluminium product group will be named Rio Tinto Alcan.
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