(Reuters) - Alcan said shareholders should not tender shares to the Alcoa offer, which it said does not adequately reflect the value of Alcan's assets, strategic capabilities and growth prospects.
"Furthermore, it is clear to us that Alcan and Alcoa have fundamentally different approaches and track records in creating shareholder value. We are convinced that the proposed Alcoa-led acquisition of Alcan is not the right choice for our shareholders," Alcan's chairman, Yves Fortier, said in a release.
Read more at Reuters.com Mergers News
"Furthermore, it is clear to us that Alcan and Alcoa have fundamentally different approaches and track records in creating shareholder value. We are convinced that the proposed Alcoa-led acquisition of Alcan is not the right choice for our shareholders," Alcan's chairman, Yves Fortier, said in a release.
Read more at Reuters.com Mergers News
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