Wednesday, May 23, 2007

Alcan shares surge on its rejection of Alcoa bid

(Reuters) - The share price jump came after the Globe and Mail newspaper reported that Alcan was in talks with BHP Billiton as part of its plan to consider alternatives to the Alcoa bid.




A spokeswoman for BHP Billiton, whose U.S.-listed shares were up $1.04, or 2 percent, at $51.79 in New York, declined to comment on the report.


Read more at Reuters.com Hot Stocks News

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