(Reuters) - The move is yet another step in Alcoa's attempt to take over Alcan. In addition, the company has filed with some antitrust authorities and on Monday, it extended the expiration time of its offer until August 10 from July 10.
Alcan has rejected the $28.6 billion offer and its shares are trading above the offer price, indicating investors anticipate a higher offer from either Alcoa or a rival.
Read more at Reuters.com Bonds News
Alcan has rejected the $28.6 billion offer and its shares are trading above the offer price, indicating investors anticipate a higher offer from either Alcoa or a rival.
Read more at Reuters.com Bonds News
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