(Reuters) - NEW YORK/SYDNEY, June 19 - BHP Billiton Ltd.
, the world's largest mining group, is considering a
bid to rival a $28.7 billion offer for aluminium producer Alcan
Inc. , and has hired investment bank Merrill Lynch & Co.
, sources familiar with the matter said.
The emergence of BHP as a possible white knight in the face
of Alcoa Inc.'s hostile offer for Alcan came as Alcoa's
stock hit a six-year high on a report that the U.S. aluminum
company, and not its Canadian rival Alcan, was a target of BHP.
Alcoa stock eased to close less than 1 percent higher.
Read more at Reuters.com Mergers News
, the world's largest mining group, is considering a
bid to rival a $28.7 billion offer for aluminium producer Alcan
Inc. , and has hired investment bank Merrill Lynch & Co.
, sources familiar with the matter said.
The emergence of BHP as a possible white knight in the face
of Alcoa Inc.'s hostile offer for Alcan came as Alcoa's
stock hit a six-year high on a report that the U.S. aluminum
company, and not its Canadian rival Alcan, was a target of BHP.
Alcoa stock eased to close less than 1 percent higher.
Read more at Reuters.com Mergers News
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