Alain Belda

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. In light of this announcement, Alcoa Inc. has withdrawn its offer to purchase Alcan. 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

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. Alcoa Inc. has withdrawn its offer for Alcan in light of Rio Tinto’s announced agreement to purchase Alcan.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