Alcan rebuffs Alcoa request for talks on bid
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Alcan Inc.   has rebuffed requests by Alcoa Inc.  for a meeting to discuss Alcoa's hostile $28.6 billion offer for the Canadian aluminum producer, a regulatory filing showed on Tuesday.
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Alcan Inc.  , which is fighting a hostile $28.8 billion bid from U.S. rival Alcoa Inc. , is closer to arranging a friendly deal involving Rio Tinto Plc   and is expected to make an announcement this week, according to sources familiar with the situation.
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The London Stock Exchange today rejected a Â£1.35bn takeover approach from German rival Deutsche BÃ¶rse, but held open the prospect of further talks.
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SYDNEY: Directors of Australian mining giant WMC Resources Ltd. have rejected a renewed A$7.4b (US$5.7b) takeover offer from British-Swiss Xstrata Plc.
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Australia&#39;s Babcock & Brown  Infrastructure Ltd.  made a revised takeover offer for  U.S. utility NorthWestern Energy Corp.  after a  regulator blocked its initial US$2.2 billion bid on concerns  the deal was not in the interests of customers.
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Air France-KLM  declined  comment on Tuesday on the latest in a series of newspaper  reports that it remains interested in bidding for Alitalia  (AZPIa.MI).
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Debenhams declines to comment on the news it has held merger talks with German group Acandor.
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In response to a specific Irish Stock Exchange query made today, Elan Corporation, plc has advised that it is not in negotiations ordiscussions with Biogen Idec, Inc.
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Gold Fields shareholders spurn Harmony's offer price.
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Shares of Alcan Inc. rose after reports of possible takeover offers from Norsk Hydro ASA and Rio Tinto Group raised expectations of a bidding war with Alcoa Inc. for the Canadian aluminum producer.
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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .
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Australian nickel and copper miner WMC Resources has turned down an offer from Swiss-based Xstrata that valued the company at Aust.
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The London Stock Exchange has rejected a Â£1.35bn offer from German market Deutsche Boerse, but says fresh talks are possible.
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Alcan Inc. has begun negotiating toward a merger agreement with Rio Tinto PLC to fend off a hostile bid from U.S. rival Alcoa Inc., Canada's the Globe and Mail newspaper reported on its Web site.
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The aluminum producer Alcoa said in a statement that it would continue to pursue its $27.4 billion cash and stock bid for a rival, Alcan, despite the Canadian companyâs rejection of the offer. But Alcoaâs chairman and chief executive, Alain J. P. Belda, said that the company would not enhance the proposal, which Alcan called inadequate. âWe have studied Alcanâs response and have not seen anything that would lead us to re-evaluate our offer,â Mr. Belda said. He also rejected suggestions by Alcan that Alcoa would have difficulty obtaining antitrust approval for the merger and urged Alcanâs board to resume its examination of the bid.
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Shares of Alcan Inc. &lt;AL.TO&gt; &lt;AL.N&gt; rose some 3 percent on Wednesday morning on a report it was talking to BHP Billiton &lt;BHP.AX&gt; &lt;BHP.N&gt; as the Canadian aluminum maker opposes a hostile $28 billion bid by U.S. rival Alcoa Inc. &lt;AA.N&gt;.
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MONTREAL/NEW YORK  - Alcoa Inc.  says it could raise its hostile $28.6 billion offer for Alcan Inc.  if warranted, but the Canadian aluminum maker has rebuffed requests for talks, a regulatory filing showed on Tuesday.