(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 1:10 p.m. New York time.
Alcan Inc. (AL US) rose $20.48, or 34 percent, to $81.51 and traded as high as $82.60. Alcoa Inc., seeking to become the world's largest aluminum company, made an unsolicited $26.9 billion cash and stock takeover offer for Alcan. Each Alcan share would be exchanged for $58.60 in cash and 0.4108 of an Alcoa share. That values Alcan at $73.25, or 20 percent more than its last closing price, Alcoa said in a statement.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment