Alcan said to be moving toward friendly deal
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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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Alcan Inc.   has begun negotiating a $34 billion friendly offer from Rio Tinto PLC  to fend off a hostile $28.6 billion bid from U.S. rival Alcoa Inc. , newspapers said on Wednesday.
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Alcan, the Canadian aluminum producer, said it had signed agreements with third parties to evade a hostile $28.8 billion takeover bid from Alcoa.
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Norwegian aluminum group  Norsk Hydro  and global miner Rio Tinto    declined to confirm or deny reports that they may place  separate bids for Canada&#39;s Alcan .
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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.   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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The Canadian aluminum maker Alcan has denied a request by a rival, Alcoa, for further talks on Alcoaâs hostile $27.5 billion takeover bid.
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MONTREAL (CP) - Alcan Inc. is buying a food packaging plant in Poland in an effort to increase the Montreal-based aluminum and packaging company's reach into Eastern Europe.
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Anglian Water-owner AWG says it has received an approach which may lead to a bid for the company.
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Alcoa Inc , the world&#39;s largest  aluminum company, on Monday extended its outstanding offer to  acquire Alcan Inc. , even as it reported a slip in  second-quarter profit.
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The world&#39;s largest mining group, BHP  Billington Ltd.,  is considering a rival bid for  aluminum producer Alcan Inc.  and has hired an  investment bank, sources familiar with the matter said on  Monday.
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SYDNEY/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc has agreed to buy Canada's Alcan Inc. for $38.1 billion to create the world's biggest aluminum producer, the two firms said on Thursday.
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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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Anglo-Australian mining giant Rio Tinto Wednesday said all conditions on its 38.1 billion US dollar takeover of Alcan Inc had been satisfied and most shareholders had accepted its offer.
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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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Canadian aluminum producing giant Alcan Inc. said Friday that it is in exclusive talks to sell the company&#39;s stake in Aluminium de Grece SA to metals company Mytilineos Holdings SA of Greece.
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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.