(Reuters) - Alcoa, the world's largest aluminum company, announced plans on Monday to make a hostile bid for Alcan Inc., the No. 2 in the market, for nearly $27 billion. For details see [ID:nN07326455].
If successful, the deal would create the world's largest producer of the metal, which is used for products ranging from beverage cans to airplanes, cars and heavy machinery parts.
Read more at Reuters.com Mergers News
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