Ceramic Industry News

Alcoa Offers to Acquire Alcan (5/8/07)

May 8, 2007
/ Print / Reprints /
/ Text Size+
Alcan expects to make an offer today to acquire Alcan for cash and stock.

Alcoa Inc. expects to make an offer today to acquire all of the outstanding common shares of Alcan Inc. for $58.60 in cash and 0.4108 of a share of Alcoa common stock for each outstanding common share of Alcan. Based on Alcoa’s closing stock price on May 4, 2007, the offer has a value of $73.25 per Alcan share or approximately $33 billion in enterprise value.

“This offer follows almost two years of discussions between our companies regarding a variety of potential business combination transactions, including unsuccessful board-level discussions of a merger transaction last fall,” said Alain J.P. Belda, chairman and chief executive officer of Alcoa. “We are very disappointed that those efforts did not result in a negotiated transaction, a conclusion we would have strongly preferred. We believe firmly in the compelling strategic rationale behind the combination of Alcoa and Alcan, and are convinced that this transaction creates substantial value for both sets of shareholders and for our customers around the world.”

Additional details are available at www.alcoa.com. Alcan’s website is located at www.alcan.com.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts


Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40