Thursday, March 01, 2007

Alcan (AL) Higher on Takeover Reports

Alcan Inc. (NYSE: AL) has moved higher in mid-day action on rumors Companhia Vale do Rio Doce (NYSE: RIO) is targeting the company in a takeover. The reports come from Brazilian newspaper, Estado de S. Paulo, which didn't site a source of the information. Shares of AL are 3.5% higher in mid-day action.

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