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Alcan stands firm as Pechiney seeks 'white knight'

CANADIAN aluminium producer Alcan said it would not increase its US$3.9 billion takeover bid for ...

Tim Treadgold
Alcan stands firm as Pechiney seeks 'white knight'

Investors believe the offer of 41 euros per Pechiney share would be increased by bidding the company’s stock above the Alcan offer. Reuters quoted sources it said were close to Pechiney as saying that...

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