|Alcoa launches hostile bid for Alcan
Alcoa said on Monday it would make a hostile bid for Canada's Alcan Inc. for nearly US$27 billion, net of debt, after talks between the aluminium rivals failed to lead to a deal. If successful, the bid of US$73.25 per share in cash and stock would create the world's largest producer...
RBS makes US$96b takeover offer for ABN Amro
ABN Amro NV has received a hostile US$96.4 billion takeover offer from a group of banks led by Royal Bank of Scotland Plc and a US$24.5 billion bid for its Chicago-based banking unit. ABN said Monday it will submit both offers to shareholders without its endorsement.
World Bank chief in a pickle
WASHINGTON (AP):A SPECIAL panel has found that World Bank President Paul Wolfowitz broke bank rules in arranging a pay package and promotion for his girlfriend, a person familiar with the report said yesterday. Wolfowitz was presented with the findings...