Aluminum merger looks set to fail despite late talks

Article Abstract:

The planned merger between Alcan Aluminum Ltd., Pechiney S.A. and Alusuisse Lonza Group Ltd. is expected to dissolve.

Asset sales & divestitures, Alusuisse-Lonza Holding AG

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Three-way merger plan by Alcan is unraveling; Antitrust concerns hinder deal with Pechiney

Article Abstract:

This article discusses the merger plans of Alcan Aluminum of Canada. The company's proposal to the European Commission for its merger with Pechiney of France. has been withdrawn. Although Alcan's previous plan for merger with Switzerland's Alusuisse Lonza Group was approved, the idea of a three-way merger has raised anti-trust concerns within the European Commission.

United States, European Union, International politics, Metal ores, not elsewhere classified, All Other Metal Ore Mining, Metal Ores NEC, Laws, regulations and rules, Brief Article, Metal industries, Mining industry, European Union. European Commission, Metal industry, Ores, Alcan Aluminum Corp., Alusuisse Lonza Group Ltd.

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Pechiney accepts Alcan's offer

Article Abstract:

Alcan Inc.'s acquisition bid for Pechiney S.A. has been accepted by the latter. The deal, which will create the largest aluminum firm in the world in terms of revenue, is valued at 4 billion euros.

Company acquisition/merger

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