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Pechiney board backs higher Alcan offer

FRENCH aluminium company Pechiney has caved in to the takeover offers of Alcan, with the board re...

Tim Treadgold
Pechiney board backs higher Alcan offer

The decision to recommend the offer of 24.6 euros in cash plus 22.9 euros in Alcan shares for each Pechiney share saw a sharp jump in the Pechiney share price even though the offer has yet to win all necessary...

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