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US-CANADA-COMPANY-METALS
This undated handout photo received 07 May 2007 shows Richard Evans executive vice president, chief operating officer and Director at Alcan Inc. US aluminum giant Alcoa said 07 May 2007 it was launching a hostile bid of 33 billion dollars for Canadian rival Alcan, saying the acquisition would create a "premier" global leader in the sector. Alcoa, the world's second-largest aluminum company, said it was offering 73.25 US dollars per share for Alcan, a 32 percent premium to Alcan's closing price on Friday. Alain Belda, chairman and chief executive of Alcoa, said the offer was made after nearly two years of discussions between the two firms on a tie-up that had failed. Belda said in a letter to Alcan president and CEO Richard Evans that the merger could generate some one billion dollars in cost savings while providing more cash for research and development. AFP PHOTO/ALCAN/HO RESTRICTED TO EDITORIAL USE =GETTY OUT=
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Detalii fotografie |
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Montreal, Quebec, CANADA |
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AFP / Mediafax Foto |
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HO |
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| Data: |
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19 Octombrie 2005 |
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1929 x 2700 (695.49 KB) |
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