Alcoa's $33B Bid For Rival Likely To Draw Scrutiny

Law360, New York (May 8, 2007, 12:00 AM EDT) -- Alcoa Inc. has made an unsolicited $33 billion bid to take over rival Alcan Inc. in a merger that would require approval from a number of international regulators and would likely force the leading aluminum maker to sell some of its assets in overlapping industries.

Alcoa, a Canadian company that sells aluminum to the aerospace, automotive, packaging and construction industries, on Monday sent a letter to the president and chief executive of Alcan proposing the deal. The company offered to acquire Alcan for $58.60, and 0.4108...
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