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BHP Bid for Alcoa Looks More Likely

The Australian using their paper to play the market??

July 16th The Australian paper reported the following:

Citing unidentified sources in the United States, The Australian newspaper reported that BHP had briefed investment bank Merrill Lynch on its interest in Pittsburgh-based Alcoa.

The newspaper said speculation increased over the weekend that Melbourne-based BHP Billiton could offer around $55 a share for Alcoa.

Then today July 19th the report:

Citing unnamed sources, the newspaper says Alcoa is no longer a target of interest for the miner.
"But BHP never even got close to making a pitch for Pittsburgh's king of the light metal," The Australian says.
The paper says BHP is considering other takeover targets.
Anybody else a little suspicious about what this paper is doing? They seem to have a lot of conflicting unidentified sources.

Takeout Values For Miners Listed By Desjardins

The Australian using their paper to play the market??

July 16th The Australian paper reported the following:

Citing unidentified sources in the United States, The Australian newspaper reported that BHP had briefed investment bank Merrill Lynch on its interest in Pittsburgh-based Alcoa.

The newspaper said speculation increased over the weekend that Melbourne-based BHP Billiton could offer around $55 a share for Alcoa.

Then today July 19th the report:

Citing unnamed sources, the newspaper says Alcoa is no longer a target of interest for the miner.
"But BHP never even got close to making a pitch for Pittsburgh's king of the light metal," The Australian says.
The paper says BHP is considering other takeover targets.

Anybody else a little suspicious about what this paper is doing? They seem to have a lot of conflicting unidentified sources.

Takeout Values For Miners Listed By Desjardins

Did anybody see the "Trade on this" today on MSNBC? While they were talking to somebody from Citi it said in writing below the following: "Citi: RIO Tinto bid for Alcoa values it at $52 a share"

Has anybody seen anything about a RIO bid for Alcoa? If you go to MSN.com then click on Money, enter AA in the quote, the video will be displayed at the bottom of the page.

Alcan and Alcoa Takeover Speculation Continues

AA worth $55.90 a share??

Alcan's latest offer is 38.1 Billion, if AA is valued the same it should go for 48.76 Billion or 55.90 a share.

AA revenue 2006 30379 in Millions
Alcan revenue 2006 23641 in Millions

AA revenue is 1.28 X Alcan's

38.1 Billion X 1.28 = 48.76 Billion divided by outstanding shares = 55.90 per share.

BHP should offer at least that. Any comments?

Dendreon Tanks On FDA Letter - How I'm Playing It

Has DNDN bottomed out? I got stuck (stupidly) holding DNDN when I thought I had 5 days left to dump it. I keep asking myself should I sell now, if it has bottomed out around 5.40, where it is now I might as well hang onto it. If it's gonna keep falling I need to get out and take my losses.