Mining group Rio Tinto launches $38.1 billion bid for Alcan
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Anglo-Australian miner Rio Tinto launched a 38.1-billion-dollar offer for Canada&#39;s Alcan on Thursday, trumping US rival Alcoa in a mammoth bid to create the world&#39;s largest aluminium company.
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Rio Tinto Ltd.'s $38.1 billion takeover of Alcan Inc. is set to reap benefits from not just China's appetite for aluminum, but also the bauxite and alumina needed to make it, analysts said on Friday.
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BHP Billiton formally launched a $147.4 billion hostile takeover bid for rival miner Rio Tinto.
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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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Shares in global miner Rio Tinto Ltd./Plc.  hit a record high on Thursday as investors bet it would launch a rival bid for Canada's Alcan Ltd. , topping the $28.8 billion that Alcoa Inc. has offered.
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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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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.
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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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Alcan Inc , which is fending off a hostile $28.8 billion bid from U.S. rival Alcoa Inc , is closer to arranging a rival friendly deal and is expected to make an announcement this week, according to sources familiar with the situation.
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Alcoa Inc. and Aluminum Corp. of China jointly acquired 12 percent of the shares of global mining company Rio Tinto PLC in a deal believed to be worth $14.05 billion, the companies said Friday.
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Rio Tinto Ltd./Plc   has hired Deutsche Bank to advise it on a possible bid for Canadian aluminum producer Alcan Inc.  , the Sydney Morning Herald newspaper reported on Monday.
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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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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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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&#39;s the Globe and  Mail newspaper reported on its Web site.
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BHP Billiton sweetened its bid for Rio Tinto Wednesday, lifting its valuation of the mining giant to 147.4 billion dollars as it presses for a mega-takeover to exploit a resources boom driven by China.
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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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Business & money: London-based miner says the aluminium producer's board has agreed its $38.1bn offer.