(Bloomberg) -- Shares of Hindalco Industries Ltd.,
India's biggest aluminum producer, rose, poised for the biggest
gain in almost seven years, amid speculation the company may
become a takeover target.
Alcan Inc. may partner Sterlite Industries Ltd. to make a
bid for Hindalco in an attempt to fend off a hostile takeover
attempt by New York-based Alcoa Inc., the Times of India said
today in a column. ``We do not comment on such wild rumors,''
said Pragnya Ram, Hindalco's spokeswoman in Mumbai.
Read more at Bloomberg Stocks News
India's biggest aluminum producer, rose, poised for the biggest
gain in almost seven years, amid speculation the company may
become a takeover target.
Alcan Inc. may partner Sterlite Industries Ltd. to make a
bid for Hindalco in an attempt to fend off a hostile takeover
attempt by New York-based Alcoa Inc., the Times of India said
today in a column. ``We do not comment on such wild rumors,''
said Pragnya Ram, Hindalco's spokeswoman in Mumbai.
Read more at Bloomberg Stocks News
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