Mining giant BHP Billiton is reported to have revived plans for a $47 billion takeover of aluminium producer Alcoa.
Mining giant BHP Billiton is reported to have revived plans for a $47 billion takeover of aluminium producer Alcoa.
UK-based The Times has published in its online edition that a previous bid plan was believed to have been scuttled by former BHP CEO Chip Goodyear but has been put back on the table by his replacement Marius Kloppers.
The Times reported that BHP would not be drawn to comment in a meaningful way.
Alcoa is, itself, engaged in a bidding war for Alcan, its North American rival. The $33 billion bid has been rejected by Alcan's board.
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