(Reuters) - The emergence of BHP as a possible white knight in the face of Alcoa Inc.'s $28.7 billion hostile offer for Alcan came as Alcoa's stock hit a six-year high on a report that the U.S. aluminum company, and not its Canadian rival Alcan, was a target of BHP. Alcoa stock eased to close less than 1 percent higher.
The sources told Reuters that BHP, which trades in Australia and London, has hired Merrill Lynch & Co. to explore the possibility of buying Alcan, but stressed that such a move is not definite.
Read more at Reuters.com Business News
The sources told Reuters that BHP, which trades in Australia and London, has hired Merrill Lynch & Co. to explore the possibility of buying Alcan, but stressed that such a move is not definite.
Read more at Reuters.com Business News
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