Pre-Market Stock News (July 12, 2007)
(AA) Alcoa trading up 6% after Rio Tinto gave a higher rival bid over Alcoa’s buyout offer for Alcan.(AAON) AAON announced a 3 for 2 stock split.(AL) Alcan gets a rival $38.1…
(AA) Alcoa trading up 6% after Rio Tinto gave a higher rival bid over Alcoa’s buyout offer for Alcan.(AAON) AAON announced a 3 for 2 stock split.(AL) Alcan gets a rival $38.1…
According to Reuters, Rio Tinto (RTP) has launched a $38.1 billion takeover bid for Alcan (AL). Reuters writes that customers at JP Morgan have been confused by opposite calls on future plans…
Alcan (AL) had decided some weeks ago that it did not want to be taken over by Alcoa (AA) and made that clear to shareholders. But, the Canadian metals company had been…
Usually private equity firms need to do tremendous amounts of work to identify targets. But, in the metals business, the industry may be doing it for them. The M&A dance now includes,…
Alcoa (AA) is up 60% from its 52-week low, and rallied strongly into today’s close, moving up another 2%. But Alcoa announced second quarter 2007 income from continuing operations of $716 million,…
Stock Tickers: CME, BOT, DFS, RIMM, AAPL, AA, RTP, AL, AMD, MOT, ALU, MPEL, GM, TM, BIDU, INTC, DELL, MSFT If the CME (CME) and CBOT (BOT) doesn’t get approved next week,…
Rio Tinto (RTP) has hired Credit Suisse and Deutsche Bank to help it make a run at Alcan (AL). Alcan’s aluminum rival Alcoa (AA) has been trying to set up a merger…
According to Reuters, Australia Australian fund manager Caledonia said it would vote against Chicago Merch’s (CME) proposal to buy CBOT (CBOT) The fund own over 6% off the exchange. Reuters writes that…
According to Reuters, Blackstone (BX) bought Hilton Hotels (HLT) for $20 billion plus debt. Reuters writes that private equity firm Apollo offered $6 billion for Huntsman. Reuters reports that car sales in…
According to Reuters, Blackstone (BX) bought Hilton Hotels (HLT) for $20 billion plus debt. Reuters writes that private equity firm Apollo offered $6 billion for Huntsman. Reuters reports that car sales in…
On today’s STOP TRADING segment, Cramer said that the Bear Stearns call on FedEx (FDX) is a gutsy call ahead of the quarter. On Wendy’s (WEN) Cramer said now is not the…
AL cut to Peer Perform at Bear Stearns.ATV started as Outperform at CIBC.BBI raised to Buy at Citigroup.BT raised to Outperform at Bear Stearns.CEVA started as Outperform at CIBC.CNI cut to Peer…
Alcoa Inc. (AA-NYSE) recently made an unsolicited offer to acquire Alcan Inc. (AL-NYSE), but after today’s close Alcan formally notified Alcoa that the offer was inadequate and not in the best interests…
Tonight on CNBC’s Mad Money, Jim Cramer said the S&P finally hit a new high after 7 years but he’s still saying the DJIA will still run another 1,000 points to 14,548. …
Stock Tickers: LMC, ZEUS, AA, AL, X, MT, FCX When you look at the large metals companies such as US Steel (X-NYSE), Alcoa (AA-NYSE), Rio Tinto (RTP-NYSE), Alcan (AL-NYSE), Arcelor Mittal (MT-NYSE),…