| Alcan spurns Alcoa overtures |
| Our Web Bureau / Mumbai May 23, 2007 |
| The board of directors of Canada based Aluminum major Alcan has unanimously recommended that its shareholders reject Alcoa's unsolicited offer to acquire Alcan. According to an official release by Alcan Inc on its website, the board determined that the offer is inadequate in multiple respects and is contrary to the best interests of the company |
