Heavy metal tales...
C
anada’s up for sale! If you don’t believe it, digest this – during just 2007, total value of M&A deals involving foreign buy-off s of Canadian entities touched an incredible $65 billion – all adding up to a mighty 877 deals in just two years! And along came the $33.1 billion aluminumiant Alcoa, whose motives to join the deal-making party has giving’s to its desire of gobbling-up the$ 29.4 billion Canadian Alcan; proving that ‘light metal’ can indeed be ‘heavy’ – ‘heavy’ on company financials, that is! Consider its motive to buy-off Alcan for a gargantuan $26.9 billion – the highest ever bid for a Canadian company! Commenting on the offer, Alain J.P. Belda, Chairman & CEO, Alcoa, stated: “We believe firmly in the compelling strategic rationale behind the combination... and are convinced that this transaction creates substantial value...”
For Complete IIPM Article, Click on IIPM Article
anada’s up for sale! If you don’t believe it, digest this – during just 2007, total value of M&A deals involving foreign buy-off s of Canadian entities touched an incredible $65 billion – all adding up to a mighty 877 deals in just two years! And along came the $33.1 billion aluminumiant Alcoa, whose motives to join the deal-making party has giving’s to its desire of gobbling-up the$ 29.4 billion Canadian Alcan; proving that ‘light metal’ can indeed be ‘heavy’ – ‘heavy’ on company financials, that is! Consider its motive to buy-off Alcan for a gargantuan $26.9 billion – the highest ever bid for a Canadian company! Commenting on the offer, Alain J.P. Belda, Chairman & CEO, Alcoa, stated: “We believe firmly in the compelling strategic rationale behind the combination... and are convinced that this transaction creates substantial value...”For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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