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Pechiney rejects higher offer from Alcan

THE board of French aluminium producer and packaging company Pechiney still claims the company ha...

Brad Ricks

In July Canadian-based Alcan made a EUR44.5 a share offer for Pechiney - based on closing prices last week - valuing the target at close to EUR3.4 billion. Pechiney's board has fought hard to find another...

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