Alcoa Extends Deadline For Hostile Takeover

Law360, New York (July 10, 2007, 12:00 AM EDT) -- A day before Alcoa Inc.'s $28.6 million hostile bid for Alcan Inc. expired, the leading aluminum maker announced it would extend the deadline by another month, while continuing to work with antitrust authorities around the world.

Alcoa on Monday said it had pushed the due date by which Alcan shareholders would have to tender their common shares to Aug. 10.

“This extension period will provide Alcan’s shareholders with more time to consider our offer while we continue to pursue the various governmental and regulatory approvals necessary...
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