Monday, May 7, 2007

Alcan (AL)

It's interesting to note that the Alcoa (AA) buyout was supposed to value Alcan (AL) at just north of $73, yet AL is trading at about $76. Since this is a hostile bid for AL, who's to say another bid from someone else won't occur? Wall Street is sure thinking that already this morning. The far out scenario would be for a company like BHP to come along and bid for AA. Stay tuned.

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