BHP eyeing rival bid for Alcan: sources
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BHP Billiton Ltd. , the  world&#39;s largest mining group, is considering a bid to rival a  $28.7 billion offer for aluminum producer Alcan Inc. ,  and has hired investment bank Merrill Lynch & Co. ,  sources familiar with the matter said.
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BHP increased its takeover offer to about $147 billion after a Chinese rival bought a stake in Rio Tinto last week.
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LONDON/SYDNEY  - BHP Billiton Ltd/Plc  , the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa Inc , the Times said on Tuesday.
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Rio Tintoâs recent offer of $38.1 billion for Alcan may be a sign that aluminum is no longer an estranged cousin in the mining industry.
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BHP Billiton Ltd/Plc  , the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa Inc , the Times said on Tuesday.
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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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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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Brazilian steel firm CSN wants to make a rival bid for Corus before the Anglo-Dutch group's shareholders meet on December 4 to consider an offer from India's Tata Steel.
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SYDNEY/LONDON  - Mining giant BHP Billiton Ltd.   is not currently working on a bid for U.S. aluminum producer Alcoa Inc , a source close to the matter said on Tuesday, playing down a newspaper report.
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With Alcan and Rio Tinto combining, maybe Alcoa and giant BHP Billiton could similarly become betrothed.
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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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BHP Billiton Ltd./Plc  , the world's biggest mining group, has revived plans for a $40 billion takeover of aluminium producer Alcoa Inc. , the Times newspaper said in an unsourced report on Monday.
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Alcan Inc.  shares rose 6 percent on Wednesday on speculation a counter offer could emerge to Alcoa Inc.'s  $28.4 billion hostile bid for the big Canadian aluminum maker.
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The Anglo-Australian mining giant BHP Billiton will decide whether to bid for US-based aluminum company Alcoa Inc. within two weeks, a newspaper reported yesterday.
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Canadian aluminum producer Alcan Inc. reported Thursday that it is in advanced discussions with Ferroatlantica for the sale of its ferroalloy division, Pechiney Electrometallurgie.
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BHP Billiton    is unlikely to increase its $130 billion unsolicited  proposal to acquire mining rival Rio Tinto   by  a February 6 deadline, The Wall Street Journal reported on  Monday. BHP could be trying to pressure Rio to negotiate by  holding firm with its three-for-one share offer, which has yet  to be formalized, the newspaper said, citing sources familiar  with the company's plans.
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Anglo-Australian mining giant BHP Billiton say it has made an offer to buy its rival Rio Tinto.