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.

Titanium Stocks Higher on Takeover Chatter

Allegheny Technologies Inc. (NYSE: ATI), Titanium Metals Corp. (NYSE: TIE) and RTI International Metals Inc. (NYSE: RTI) are moving higher on takeover chatter. There is is some chatter of a titanium company takeover by Alcan Inc. (NYSE: AL).