December 3, 2008
In today's metals and mining sector, accepting the first takeover bid that comes your way would be madness. With its stock trading at an 8 per cent premium to the price implied by Alcoa's cash and stock offer, Alcan was hardly likely to jump into its US rival's arms.
U.S. stocks rose on Tuesday as minutes from the latest Federal Reserve meeting eased any lingering worries about the outlook for interest rates and crude oil prices dropped below $70 a barrel.
Chinadaily.com.cn sharing the Olympic spirit
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