Movers: Alcan, Alcoa, Motorola, J.C. Penney
Rio Tinto (RTP) makes $101 cash per share bid to acquire Alcan (AL), for a total equity consideration of $38.1 billion. The bid represents a premium of 32.8% to the value of Alcoa's (AA) $76.03 per share bid for Alcan. Alcoa shares also rise, as some now see it as a possible acquisition candidate.
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