Rio Tinto emerges as white knight, strikes deal for Alcan
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Anglo-Australian mining giant Rio Tinto struck a deal Thursday to buy Canada&#39;s Alcan, outbidding US rival Alcoa in a mammoth move that would create the world&#39;s largest aluminium company.
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China has muscled in on miner  BHP Billiton's  attempts to buy rival Rio Tinto ,  with its biggest aluminum producer teaming up with U.S. group  Alcoa  to buy a 12 percent stake in Rio.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a bid to create the world's biggest aluminum company.
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LONDON (Dow Jones)--Mining group Rio Tinto Ltd. (RTP) is considering trumping a GBP2.9 billion bid by rival Xstrata PLC (XTA.LN) for Australian nickel miner WMC Resources Ltd.
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Anglo-Australian mining giant Rio Tinto has defended the price it has offered for Canada&#39;s Alcan, saying that the robust economic growth of China and India would see the business prosper.
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Rio Tinto Ltd./Plc. has agreed to buy Canadian aluminum company Alcan Inc. for $38.1 billion, in a move that creates the world's biggest aluminum company.
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Alcan Inc.  shares rose 6  percent on Wednesday on speculation a counter offer could  emerge to Alcoa Inc.&#39;s  $28.4 billion hostile bid for the  big Canadian aluminum maker.
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MONTREAL (CP) - Alcan Inc. said Thursday it has reached an agreement to sell its ferroalloy division to a Spanish company in a deal expected to be worth more than 100 million euros or about $165 million Cdn.
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Alcan Inc., the world&#39;s biggest aluminum maker by sales, agreed to sell its Pechiney Electrometallurgie ferroalloy division to Spain&#39;s Ferroatlantica SL for more than 100 million euros ($136 million).
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With Alcan and Rio Tinto combining, maybe Alcoa and giant BHP Billiton could similarly become betrothed.
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MELBOURNE/SYDNEY  - Rio Tinto's   shares surged on Wednesday amid market talk that an improved offer had prompted the firm to open its books to suitor BHP Billiton   and media reports which said Rio had signaled a price at which it would sell out.
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Rio Tinto  , the world's second-biggest miner, is drawing up plans to gatecrash Alcoa Inc's  $28 billion hostile bid for North American rival Alcan Inc , the Daily Telegraph said on Friday.
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Alcan Inc. has agreed to sell its ferroalloy business to Spain&#39;s Ferroatlantica SL for more than 100 million euros ($136.3 million or C$164.2 Canadian), the world&#39;s second biggest aluminum producer said on Thursday.
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Alcoa Inc.  said on Thursday it has withdrawn its $29 billion offer for Alcan Inc.   in light of Rio Tinto's   agreement to purchase the Canadian aluminum company for $38 billion.
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Rio Tinto Group agreed yesterday to buy Alcan Inc. for $38.1 billion in cash, overwhelming a hostile bid by Alcoa Inc. to form the world's biggest aluminum maker.
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Takeover target mining firm Rio Tinto unveils a $7.44bn profit for 2007 - 1% higher than a year earlier.
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LONDON/MONTREAL  - Rio Tinto  , the world's second-biggest miner, is considering gate-crashing Alcoa Inc.'s  $28.6 billion hostile bid for Alcan Inc.  , sources familiar with the matter said on Friday.