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’Alcoa to sell units as group refocuses
Alcoa, the US aluminium company, has put two businesses worth a combined $4.8bn in revenue up for sale, in an effort to refocus on its core metals operations and boost its share price. Alcoa, the subject of frequent takeover speculation in recent months,
BHP, Rio and Alcoa
One feature of consumer society is that the more expensive the product, the more unwanted packaging there is, says Lex. The same can be said of Alcoa, with renewed speculation that BHP Billiton and Rio Tinto are considering bidding.
BHP Billiton and Rio Tinto both eyeing Alcoa
BHP Billiton and Rio Tinto have drawn up plans for a $40bn takeover of Alcoa, one of the world’s largest aluminium groups, reports the Times. It is understood that the two are independently considering an approach for Alcoa and have drawn up feasibility studies for a bid,