(Reuters) - Sources familiar with the matter told Reuters last month
that BHP had appointed investment bank Merrill Lynch to
work on a possible bid for Canada's Alcan Inc , which is
the subject of a $28.7 billion hostile bid from Aloca.
The Times said Alcoa was BHP's preferred target, but it was
unwilling to pay a premium for assets that it does not want to
retain and so wanted to team up with a bid partner.
Read more at Reuters.com Mergers News
that BHP had appointed investment bank Merrill Lynch to
work on a possible bid for Canada's Alcan Inc , which is
the subject of a $28.7 billion hostile bid from Aloca.
The Times said Alcoa was BHP's preferred target, but it was
unwilling to pay a premium for assets that it does not want to
retain and so wanted to team up with a bid partner.
Read more at Reuters.com Mergers News
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