Rio Tinto to buy Alcan for $38 billion
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  offered $38.1 billion to buy Canada's Alcan Inc in an agreed deal to create the world's No. 1 aluminum producer, trumping a hostile bid by Alcoa Inc
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Business & money: London-based miner says the aluminium producer's board has agreed its $38.1bn offer.
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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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OSLO/KUALA LUMPUR  - Norwegian aluminum group Norsk Hydro  and global miner Rio Tinto   declined to confirm or deny reports that they may place separate bids for Canada's Alcan .
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Global miner Rio Tinto Ltd/Plc  said on Monday it has received U.S. anti-trust clearance for its $38.1 billion ($36.3 billion) acquisition of Canadian aluminum maker Alcan Inc .
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The Chinese mining group Chinalco said that it had teamed up with the American aluminum producer Alcoa to buy a 12 percent stake in Rio Tinto.
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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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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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Rio Tinto shareholders have backed the Anglo-Australian mining giant&#39;s bid to buy Canada&#39;s Alcan and create the world&#39;s largest aluminium firm, the company said Friday.
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Anglo-Australian mining company Rio  Tinto   said on Thursday it received all  regulatory approvals required to close the $38.1 billion  acquisition of Canada's Alcan .
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Rio Tinto Ltd./Plc  has  hired Deutsche Bank to advise it on a possible bid for Canadian  aluminum producer Alcan , the Sydney Morning  Herald paper reported on Monday.
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Rio Tinto  , the  world&#39;s second-largest mining group, on Tuesday dismissed talk  that it was lining up a bid for Canadian aluminum maker Alcan   as speculation, but did not to deny the rumor outright.
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With his formal training in geology, Tom Albanese could be excused for believing he'd struck the mother lode after orchestrating a bump-free $38 billion acquisition of Alcan just six months into his new job as chief executive of Rio Tinto, the world's second-largest mining house.
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Rio Tinto  , the  world&#39;s second-biggest miner, is considering gate-crashing  Alcoa Inc.&#39;s  $28.6 billion hostile bid for Alcan Inc.   , sources familiar with the matter said on  Friday.
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Anglo-Australian mining group Rio Tinto says its bid to buy Canada's Alcan for $38.1bn has been approved in the US.
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Anglo-Australian miner Rio Tinto offered 38.1 billion dollars for Canada&#39;s Alcan Thursday, trumping US rival Alcoa with a proposed merger that would create the world largest aluminium company.
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Business & money: Â· Alcoa bows out of contest in face of $38bn offer Â· Bid battle helps push Dow Jones to record close