Alcan to Sell Ferroalloy Division
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Canadian aluminum producer Alcan Inc. reported Thursday that it agreed to sell its ferroalloy division Pechiney Electrometallurgie to Ferroatlantica for more than 100 million euro ($136.2 million).
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Anglo-Australian miner Rio Tinto offered 38.1 billion dollars for Canada&#39;s Alcan Thursday, trumping US rival Alcoa with a proposed merger that would create the world largest aluminium company.
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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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The Canadian aluminum company has agreed to be purchased by the Indian company Hindalco Industries.
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Shares of Alcan Inc. (AL.TO: Quote, Profile, Research) (AL.N: Quote, Profile, Research) tumbled almost 5 percent on Friday morning, after rival aluminum-maker Alcoa (AA.
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MONTREAL/LONDON  - Anglo-Australian miner Rio Tinto Ltd/Plc  offered $38.1 billion to buy Canada's Alcan Inc in an agreed deal to create the world's No. 1 aluminum producer, trumping a hostile bid by Alcoa Inc
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Australian company trumps hostile bid from Alcoa with $43B friendly offer.
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The new aluminum rolled products company to be spun off from Alcan Inc. (AL.TO: Quote, Profile, Research) will assume $2.8 billion of debt, according to a prospectus
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Anglo-Australian mining company Rio Tinto   said on Thursday it received all regulatory approvals required to close the $38.1 billion acquisition of Canada's Alcan .
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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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Alcan Inc., the world&#39;s biggest aluminum maker by sales, agreed to sell its Pechiney Electrometallurgie ferroalloy division to Spain&#39;s Ferroatlantica SL for more than 100 million euros ($136 million).
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Canadian aluminum producer Alcan Inc. reported Thursday that it is in advanced discussions with Ferroatlantica for the sale of its ferroalloy division, Pechiney Electrometallurgie.
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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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Alcoa Inc. , which has launched  a hostile offer for Canadian rival Alcan Inc.  ,  said on Tuesday that it signed for a $30 billion credit  facility with its lenders that it would use to pay for Alcan  shares.
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Anglo-Australian mining group Rio Tinto says its bid to buy Canada's Alcan for $38.1bn has been approved in the US.
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CALGARY (CP) - Oil giant EnCana Corp. is selling its British North Sea operations to Nexen Inc. for $2.1 billion US and wants to dispose of its businesses in Ecuador and the Gulf of Mexico as well to focus on North America.
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Canadian aluminum producing giant Alcan Inc. said Friday that it is in exclusive talks to sell the company&#39;s stake in Aluminium de Grece SA to metals company Mytilineos Holdings SA of Greece.