Mining group Rio Tinto launches $38.1 billion bid for Alcan (AFP via Yahoo! News)



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Mining group Rio Tinto launches $38.1 billion bid for Alcan (AFP via Yahoo! News)

Anglo-Australian miner Rio Tinto launched a 38.1-billion-dollar offer for Canada's Alcan on Thursday, trumping US rival Alcoa in a mammoth bid to create the world's largest aluminium company.

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Rio Tinto launches 38.1 billion dollar bid for Alcan (AFP via Yahoo! News)

Anglo-Australian miner Rio Tinto offered 38.1 billion dollars for Canada's Alcan on Thursday, trumping US rival Alcoa in a mammoth bid to create the world's largest aluminium company.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Anybody Curious About Courting Alcoa? (Forbes)

With its Alcan takeover deal dead, the aluminum producer is now itself an attractive takeover target.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

European Stocks Advance, Led by BHP Billiton, Alstom, Nokia (Bloomberg.com)

July 12 (Bloomberg) -- European stocks had their steepest gain in a month, led by BHP Billiton Ltd. and Xstrata Plc, after Rio Tinto Group's $38.1 billion purchase of Canada's Alcan Inc. fanned takeover speculation in the industry.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

European Stocks Advance, Led by BHP Billiton, Alstom, Nokia (Bloomberg.com)

July 12 (Bloomberg) -- European stocks rose for the first time in three days, led by BHP Billiton Ltd. and Xstrata Plc, after Rio Tinto Group's $38.1 billion purchase of Canada's Alcan Inc. fanned takeover speculation in the industry.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Alcoa trumped by Rio Tinto’s bid for Alcan (The Herald)

Rio Tinto yesterday unveiled an agreed $38.1bn (£18.7bn) cash offer for Canada's Alcan, trumping a hostile bid from rival mining giant Alcoa.

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Gerdau Ameristeel slides on takeover (Toronto Star)

One day after securing a $4.22 billion (U.S.) deal to acquire Texas-based Chaparral Steel, Mario Longhi makes it clear this won't be the last consolidation move for Gerdau Ameristeel.

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Interlopers 'unlikely' to scuttle Alcan-Rio Tinto merger: Evans (AFP via Yahoo! News)

The president of Alcan on Thursday said it is "quite unlikely" that a competing bid would trump Anglo-Australian miner Rio Tinto's whopping 38.1-billion dollar offer to buy Alcan and create the world's largest aluminum company.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Caisse checks into hotel business (The Globe and Mail)

$2.5-billion deal includes Fairmont hotels

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Alcan backs Rio Tinto's bid of $38.1 billion (International Herald Tribune)

The acquisition would create the world's largest aluminum company. The rival bidder, Alcoa, dropped its offer.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

In the absence of any satisfactory method, loanproviders will prefer not to lend. Some lenders placerestrictive conditions on students in order to deter studentsfrom using the facility. Age restriction like upping the age ofstudents who can use student loan debt consolidation is one suchtactic.

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