Rio Tinto To Purchase Alcan, Alcoa Withdrawals Offer
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Alcoa Inc. has withdrawn its offer for Alcan in light of Rio Tinto’s announced agreement to purchase Alcan. Alcoa Inc. In May, Alcoa made an offer to acquire all of the outstanding common shares of Alcan for $58.60 in cash and 0.4108 of a share of Alcoa common stock for each outstanding common share of Alcan.
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- Alain Belda
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