Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
Alcoa sees Alcan takeover quickly adding profit
MONTREAL (Reuters) - Alcoa Inc. (AA.N) said on Monday. it expects its proposed $27 billion takeover of Alcan Inc. AL.TO to add to cashflow and per-share earnings within its first year of completion.
In a presentation to analysts, Alcoa said it expects $1 billion of pretax synergies, phased in over three years, from bringing the two companies together. One-time implementation costs would amount to some $1 billion, it said.
($1=$1.10 Canadian)
