Alcan-Pechiney Merger Called 'Compelling.'

ALUMINUM industry; ALCAN Inc.; PECHINEY Group (Company); TENDER offers; MERGERS & acquisitions

MONTREAL (Quebec); QUEBEC (Province); CANADA

Speculates about the takeover of Pechiney Group by Montreal, Quebec-based aluminum producing firm Alcan Inc. Efforts of Pechiney Group to resist the takeover; Plans of Alcan to launch tender offer for Pechiney; Efforts of Alcan to involve regulatory authorities to facilitate the takeover; Impact of the possibility of takeover on aluminum distributors.