Alcan Rejects Alcoa's Buyout Offer

Payless ShoeSource agrees to acquire Stride Rite, and more stocks in the news

Alcan (AL) says its board of directors unanimously recommends shareholders reject Alcoa's (AA) unsolicited offer to acquire Alcan. Its board says the offer is inadequate. The Globe and Mail reports that Alcan is in talks with BHP Billiton (BHP).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.