Rio Tinto Alcan, headquartered in Montreal will be the new company after Rio Tinto buys out Alcan for a price of $101 per common share. With this ALcan’s value is now $38.1 billion and the company’s board seems to be more than happy with it, and is pursuing its shareholders to accept the same.
Rio Tinto considers Alcan’s business of bauxite mining, alumina processing, primary metal smelting power generation and aluminium fabrication to be an asset to its operations worldwide - a positive reason for the merger
Be the first to comment