(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 10:10 a.m. New York time.
Alcan Inc. (AL US) rose $20.48, or 34 percent, to $81.51 and traded as high as $82.60. Alcoa Inc., seeking to become the world's largest aluminum company, plans to offer cash and stock valued at $33 billion to acquire Alcan. Alcoa, based in New York, will offer $58.60 in cash and 0.4108 of a share of Alcoa stock for each Alcan share. That values Alcan at $73.25, 20 percent higher than the closing price on May 4, Alcoa said today in a statement distributed by Canada Newswire.
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