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| Rio Tinto offer for Alcan approved Rio Tinto, a leading international mining group headquartered in the UK, has received US anti-trust clearance for the proposed acquisition of Canadian global aluminum provider and packaging leader Alcan by a subsidiary of Rio Tinto. The offer to purchase all of the issued and outstanding common shares of Alcan for US$101 per common share in a recommended, all cash transaction is being made by Rio Tinto Canada Holding Inc., an indirect wholly-owned subsidiary of Rio Tinto. The offer represents a total consideration for Alcan common shares of approximately US$38.1 billion. write your comments about the article :: © 2007 Construction News :: home page |