(Reuters) - Alcan stock rose C$4.28 to a new high of C$92.50 on the Toronto Stock Exchange and $4.86 to $85.89 on the New York Stock Exchange.
John Redstone, analyst at Desjardins Securities, thinks there is a 50 percent chance of a counter-bid for Alcan, especially as Alcoa's offer would likely take several months to gain approval from anti-trust authorities.
Read more at Reuters.com Mergers News
John Redstone, analyst at Desjardins Securities, thinks there is a 50 percent chance of a counter-bid for Alcan, especially as Alcoa's offer would likely take several months to gain approval from anti-trust authorities.
Read more at Reuters.com Mergers News
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