(Reuters) - Rio will pay $101 per common share -- a premium of 13 percent to Alcan's closing price in New York on Wednesday -- in cash, topping a $28.8 billion offer from Alcoa Inc. Rio's bid had been unanimously recommended by Alcan's board.
Alcan's Chief Executive Dick Evans would lead the new company, Rio said.
Read more at Reuters.com Business News
Alcan's Chief Executive Dick Evans would lead the new company, Rio said.
Read more at Reuters.com Business News
No comments:
Post a Comment