(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed. Stock symbols are in parentheses after company names. Share prices are as of 7:30 a.m. in New York.
Alcan Inc. (AL US) rose $11.20, or 18 percent, to $72.23 in trading before U.S. exchanges opened. Alcoa Inc., the world's largest aluminum company, plans to offer cash and stock valued at $33 billion to acquire Alcan. Alcoa, based in New York, will offer $58.60 in cash and 0.4108 of a share of Alcoa stock for each Alcan share. That values Alcan at $73.25, a 20 percent premium to the closing price on May 4, Aloca said today in a statement distributed by Canada Newswire. Alcoa Inc. (AA US) fell 66 cents to $35.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment