(Reuters) - Michaud spoke after a press conference in Paris, during which Christel Bories, president and chief executive of Alcan's Engineered Products Group, was quoted by news agencies as saying a counteroffer for Alcoa or tie-up with a big international miner were among credible options.
Alcan has rejected Alcoa's May 7 cash and stock offer, which, based on Alcoa's share price on Wednesday, was worth $75.02 a share. Alcan says Alcoa's bid does not reflect the value of Canadian company's assets, technology and growth prospects.
Read more at Reuters.com Business News
Alcan has rejected Alcoa's May 7 cash and stock offer, which, based on Alcoa's share price on Wednesday, was worth $75.02 a share. Alcan says Alcoa's bid does not reflect the value of Canadian company's assets, technology and growth prospects.
Read more at Reuters.com Business News
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