Alcan (AL) Higher On Reports of New Bidders
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Price: $30.03 +0.50%
Overall Analyst Rating:
BUY (
Up)
Dividend Yield: 0.3%
Revenue Growth %: +44.4%
Overall Analyst Rating:
BUY (
Up)Dividend Yield: 0.3%
Revenue Growth %: +44.4%
Trade AL Now!
Shares of Alcan (NYSE: AL) are roughly 2% higher in early action Tuesday as speculation of another bidder for the company heats up following the company's rejection of Alcoa's (NYSE: AA) bid last week.
Recent media reports have suggested Rio Tinto (NYSE: RTP) Norsk Hydro ASA (NYSE: NHY) or BHP Billiton (NYSE: BHP) could submit a bid for the company.
Companhia Vale do Rio Doce (NYSE: RIO), United Company RUSAL, Anglo American and Xstrata Plc are also seen as possible suitors for Alcan.
Recent media reports have suggested Rio Tinto (NYSE: RTP) Norsk Hydro ASA (NYSE: NHY) or BHP Billiton (NYSE: BHP) could submit a bid for the company.
Companhia Vale do Rio Doce (NYSE: RIO), United Company RUSAL, Anglo American and Xstrata Plc are also seen as possible suitors for Alcan.
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