(Bloomberg) -- Alcoa Inc. shares may be valued as
high as $59 if the world's second-largest aluminum company is
taken over, according to Credit Suisse Group. That would be 26
percent higher than the company's record reached yesterday.
Alcoa yesterday withdrew its hostile $27.7 billion takeover
bid for Alcan Inc. after mining company Rio Tinto Group topped
the offer by agreeing to pay $38.1 billion. Alcoa's failure to
buy Alcan has led to speculation that Alcoa itself might become
a takeover target.
Read more at Bloomberg Stocks News
high as $59 if the world's second-largest aluminum company is
taken over, according to Credit Suisse Group. That would be 26
percent higher than the company's record reached yesterday.
Alcoa yesterday withdrew its hostile $27.7 billion takeover
bid for Alcan Inc. after mining company Rio Tinto Group topped
the offer by agreeing to pay $38.1 billion. Alcoa's failure to
buy Alcan has led to speculation that Alcoa itself might become
a takeover target.
Read more at Bloomberg Stocks News
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