CAPITAL MARKETS

Alcoa lays groundwork for new WMC tilt

SPECULATION that Alcoa Inc may be preparing another bid for WMC has been reignited after the aluminium giant filed a plan with US regulators to raise US$5 billion (A$9.7 billion).

Greg Tubby

WMC has a market capitalisation of about $10.5 billion, but a full takeover tilt is likely to cost much more, based on an independent valuation of the company commissioned earlier this year when Alcoa...

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