New Rio Tinto Investors Eye Alcan Assets

Pittsburgh-based Alcoa contributed $1.2-billion to the consortium, an investment that sources said it hopes will give it another chance to bid for the former Alcan aluminum smelting operations, which are concentrated in Quebec. The aluminum producer launched a hostile, $27-billion stock-and-cash bid for Alcan last May but was later trumped by Rio's knockout $38-billion friendly offer. ... http://www.theglobeandmail.com/servlet/story/RTGAM.20080201.wr-riotinto02/BNStory/energy/

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