Posted in | News | Aluminum / Aluminium

Pechiney Board Approved Alcan’s Revised Take Over Offer

The Pechiney Board of Directors have recommended a revised take over offer from Alcan.

The offer is a mixed cash/share offer of up to 48.50 Euros and consists of 47.50 Euros per share plus a supplement of 1 Euro per share if the tender results reach more then 95% of capital and voting rights of Pechiney.

The offer is subject to regulatory approvals and is subject to more then 50% acceptance as well as Phase 1 approval by European Union and US competition authorities.

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