Rio Tinto makes Alcan foray

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Published: Thursday, 26 July 2007

12 July 2007
Rio Tinto's $38,100m. takeover all but complete as board of speciality alumina producer, Alcan, “unanimously recommends” bid

After months of deliberation over the future of the speciality alumina producer, Alcan Inc., Rio Tinto PLC, the UK international mining company, has, after some speculation, launched a sudden $38,100m. (£18,740m.) all cash offer, equating to $101 per common share.

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