Thursday, July 12, 2007

UPDATE 1-Alcan says lined up bidders for packaging assets

(Reuters) - "We have several people who have provided indicative values
to us," Dick Evans, president and chief executive of Alcan,
told Reuters in an interview.




Evans said Alcan had been very near a decision on selling
its packaging group, which has annual revenues of some $6
billion, before Alcoa Inc. made a $28.8 billion hostile
cash-and-stock offer for Alcan on May 7.


Read more at Reuters.com Mergers News

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