Anticipated contract adjustment - Alcan Inc. (AL)
- Posted by Marie-Josée Laramée on July 13th, 2007 filed in News
The Exchange and CDCC (the clearing corporation) announced today the anticipated contract adjustment following the agreement pursuant to which Rio Tinto will acquire all of the outstanding common shares of Alcan by way of an all-cash-transaction. Pursuant to the terms of this agreement, Alcan shareholders will receive a cash amount of US$101 per common share.
The transaction has been approved by the Board of Directors of Alcan and Rio Tinto. It is subject to approval by the shareholders of Alcan and Rio Tinto and certain usual conditions.

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