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Alcoa's $28M Alcan Bid Attracts DOJ Scrutiny

Law360 (July 6, 2007, 12:00 AM EDT) -- Alcoa Inc. revealed Friday that antitrust regulators have asked for more information about its unsolicited $28.6 million bid to take over its Canadian rival Alcan Inc.

The leading aluminum maker said it has received a request for additional information from the U.S. Department of Justice's Antitrust Division regarding its outstanding offer for Alcan under the notification requirements of the Hart-Scott-Rodino Act. The company said it will continue cooperating with the DOJ's review, and will comply with the second request as soon as possible.

The move means...
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