Array
(
[0] => Array
(
)
[1] => Array
(
)
)
List StockArray ( )
By Rudi Filapek-Vandyck
Our sources tell us there are some rumours going around in the market about BHP Billiton (BHP) and Rio Tinto (RIO) studying a possible bid for North American miner Alcoa.
According to reports in the Canadian press, investment bankers have already approached management at both diversified resources giants to consider launching a public offer for Alcan, but the rumour is this is just a smart ploy to draw the attention from the real target, which is Alcoa.
Alcoa has previously been touted as a possible "sitting duck". The usual suspects named are BHP and RIO, and Zug-based Xstrata. Brazil’s Companhia Vale do Rio Doce could be a potential suitor as well.
To share this story on social media platforms, click on the symbols below.
Click to view our Glossary of Financial Terms
Australian investors stay informed with FNArena – your trusted source for Australian financial news. We deliver expert analysis, daily updates on the ASX and commodity markets, and deep insights into companies on the ASX200 and ASX300, and beyond. Whether you're seeking a reliable financial newsletter or comprehensive finance news and detailed insights, FNArena offers unmatched coverage of the stock market news that matters. As a leading financial online newspaper, we help you stay ahead in the fast-moving world of Australian finance news.
