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Alcoa offer rebuffed by Norwegian metals firm

NORWEGIAN light metals group Elkem and its major shareholder have rejected outright a 1.6 billion Norwegian crowns (US$852 million) bid for the company by Alcoa.

Greg Tubby

The world's largest aluminium producer said it planned to make an offer of NOK4.6 billion for the 60% of the company it does not already own, valuing it at NOK155 a share, matching the stock's closing...

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