Alcan Says No to New Talks With Alcoa.

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  • Source:
    New York Times. 7/4/2007, Vol. 156 Issue 53995, pC4-C4. 1/9p.
  • Additional Information
    • Subject Terms:
      ALCAN Inc.; ALUMINUM industry; TENDER offers; ALCOA Inc.; EVANS, Richard B.; EMAIL
    • Abstract:
      The article informs that Alcan Inc., a Canadian aluminum maker, has denied Alcoa Inc.'s request for further talks on Alcoa's $27.5 billion takeover bid. In May 2007, Alcan's board rejected the unsolicited offer as inadequate, urging its shareholders to follow suit. In an e-mail message to Alcoa's chairman and chief executive Alain J.P. Belda, Richard B. Evans, president and chief executive of Alcan, said that the company had seen no reason to engage in further discussions or correspondence.