Rio Tinto To Purchase Alcan, Alcoa Withdrawals Offer

MONTREAL, MELBOURNE, LONDON and NEW YORK—Rio Tinto will be making 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.