BHP Rivals Bid for Alcan
Australian-listed mining company BHP Billiton is rumoured to be hiring Merrill Lynch to explore the possibility of making a rival offer for Alcan – the Canadian take-over company.
Reuters reports suggest BHP is considering whether to make a white knight bid for Alcan – which is the target of a $28.8bn hostile takeover bid by US company Alcoa.
A spokesperson for BHP Billiton said the company would not comment on rumours.
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