Broker Center sponsored links

Rio Tinto launches $38.1 billion bid for Alcan

Thu Jul 12, 2007 2:44am EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

SYDNEY (Reuters) - Mining giant Rio Tinto Ltd./Plc. (RIO.AX: Quote, Profile, Research, Stock Buzz) (RIO.L: Quote, Profile, Research, Stock Buzz) said on Thursday it has agreed to pay $38.1 billion, or $101 per common share, for Canadian aluminum company Alcan Ltd. AL.TO.

Rio said the transaction, which tops a $28.8 billion offer from Alcoa Inc. (AA.N: Quote, Profile, Research, Stock Buzz), had been unanimously recommended by Alcan's board.

 
Photo

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended