Xstrata to buy Alcoa?

Discussion in 'Stocks' started by MrDODGE, May 11, 2008.

  1. Looks like a possibility @ $51.50 per share!


    AA Alcoa: Credit Suisse says Xstrata may have opportunity for AA bid - Bloomberg (39.25 -0.38)

    Bloomberg reports that Credit Suisse said Xstrata, the world's largest exporter of coal burned by power stations, may have an ideal opportunity to buy aluminum producer AA. While a bid for AA would take the mkt by surprise, a takeover could boost earnings if aluminum prices jump, Credit Suisse said today in a report. AA spokesperson declined to comment.
  2. Foreign investors are very proficient at buying foreign assets at the "top tick". This should be no different. :cool:
  3. Go go Alcoa analysts